微观经济学教学课件：Ch11-Perfect Competition.pptVIP

After studying this chapter you will be able to Define perfect competition Explain how firms make their supply decisions and why they sometimes shut down temporarily and lay off workers Explain how price and output in an industry are determined and why firms enter and leave the industry Predict the effects of a change in demand and of a technological advance Explain why perfect competition is efficient The Busy Bee The busy bee pollinates plants and beekeepers rent their hives to farmers. Across the United States from Vermont to California, a parasite is killing off bees and the rent farmers p