PerfectlyCompetitiveMarket幻灯片.pptVIP

Chapter 6;Perfectly Competitive Market;*;*;*;*;Perfectly Competitive Market; The individual firm’s technology causes it always to supply only a small part of the total quantity demanded at the market price.;*;*;*;*;*;*;*;*;*;*;*;Short-Run Market Supply;Short-Run Market Supply;Short-Run Market Supply;*;*;*;*;*;Producer Surplus;*;The Firm’s Long-Run Supply Decision;The Firm’s Long-Run Supply Decision;LMC(y);y;y;MC(y);Long-Run Competitive Equilibrium;Long-Run Competitive Equilibrium;Long-Run Competitive Equilibrium;Long-Run Equilibrium: Constant-Cost Case;Long-Run Equilibrium: Constant-Cost Ca