011PerfectCompetition(MGrowHill,微观经济学,.pptVIP

Perfect Competition Chapter 11 Laugher Curve Q. How many economists does it take to screw in a light bulb? A. Eight. One to screw it in and seven to hold everything else constant. Perfect Competition The concept of competition is used in two ways in economics. Competition as a process is a rivalry among firms. Competition as the perfectly competitive market structure. Competition as a Process Competition involves one firm trying to take away market share from another firm. As a process, competition pervades the economy. Competition as a Market Structure It is possible to imagine something th