市场结构和不完美竞争.pptVIP

* * The key issue with the diagram is to point out that a long-run average cost curve such as LAC1 offers negligible economies of scale relative to market demand, and it is unlikely that any individual firm will be able to have much influence. This is likely to end up as perfect competition. In contrast, LAC3 looks likely to be a natural monopoly, as the largest firm is always likely to dominate. LAC2 is an intermediate case, which will probably end up as an oligopoly. See Section 9-1, and Figure 9-1. * * See Section 9-2. * * See Section 9-2, and Figure 9-2. * * See Section 9-3. * * See Sect