北大微观经济学课件(英文版)Ch23-Industry-Supply.pptVIP

中级微观经济学 Chapter Twenty-Three Industry Supply Supply From A Competitive Industry How are the supply decisions of the many individual firms in a competitive industry to be combined to discover the market supply curve for the entire industry? Supply From A Competitive Industry Since every firm in the industry is a price-taker, total quantity supplied at a given price is the sum of quantities supplied at that price by the individual firms. Short-Run Supply In a short-run the number of firms in the industry is, temporarily, fixed. Let n be the number of firms;i = 1, … ,n. Si(p) is firm i’s supply