微观经济学第八章利润的最大化和竞争性供给.pptVIP

1 Chapter 8 Profit Maximization and Competitive Supply 2 Topics to be Discussed Profit Maximization Marginal Revenue, Marginal Cost, and Profit Maximization Choosing Output in the Short Run The Competitive Firm抯 Short-Run Supply Curve 3 Topics to be Discussed Choosing Output in the Long Run The Industry抯 Long-Run Supply Curve Perfectly Competitive Markets 4 Introduction Characteristics of Perfectly Competitive Markets 1) Identical products 2) Individual firms are too small to impact the market 3) No barriers to entry and exit 5 Profit Maximization Do firms maximize profits?