竞争市场中的企业讲解.pptVIP

* * “Firms can freely enter or exit the market” means there are no barriers or impediments to entry or exit. E.g., the government does not restrict the number of firms in the market. * * These revenue concepts are analogous to the cost concepts (TC, ATC, MC) in the previous chapter. * This easy exercise requires students to apply the definitions from the previous slide. It also demonstrates that MR = P for a competitive firm. (The table in this exercise is similar to Table 1 in the chapter.) * * (The table on this slide is similar to Table 2 in the textbook.) For most students, see