曼昆微观经济学第五版 第十四章 课文英文版(精品·公开课件).pptVIP

Firms in Competitive Markets Chapter 14 The Meaning of Competition A perfectly competitive market has the following characteristics: There are many buyers and sellers in the market. The goods offered by the various sellers are largely the same. Firms can freely enter or exit the market. The Meaning of Competition As a result of its characteristics, the perfectly competitive market has the following outcomes: The actions of any single buyer or seller in the market have a negligible impact on the market price. Each buyer and seller takes the market price as given. The Meaning of Competition Buy