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Synthese Analyse Financiere > Imperfect Competition > Flashcards

Imperfect Competition Flashcards

1
Q

Definition

A

Price is variable under the firm’s contrôle and is a function of quantity
Price searcher firm face downward sloping demand curve and MR is no longer equal to price

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2
Q

Breakeven

A

TR = TC

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3
Q

Continue in short run and shutdown in long run

A

TC > TR > TVC

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4
Q

Shutdown in short and long run

A

TR < TVC

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Synthese Analyse Financiere (11 decks)

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