[北大微观经济学课件]Ch22FirmSupply.pptxVIP

Chapter Twenty-TwoFirm SupplyFirm SupplyHow does a firm decide how much product to supply? This depends upon the firm’s technology market environment goals competitors’ behaviorsMarket EnvironmentsAre there many other firms, or just a few?Do other firms’ decisions affect our firm’s payoffs?Is trading anonymous, in a market? Or are trades arranged with separate buyers by middlemen?Market EnvironmentsMonopoly: Just one seller that determines the quantity supplied and the market-clearing price.Oligopoly: A few firms, the decisions of each influencing the payoffs of the others.Market Environme