Market structure Flashcards by zhou jia | Brainscape

Q

characteristics of market structure

Explain and distinguish the characteristics of each martket structure.

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Q

characteristics of market structure

Explain the different types of barriers of entry (BOE)

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Q

characteristics of market structure

Explain the difference between price takers and price setters

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Q

behaviour of firms

Explain why the profit maximisng equilibrium price and quantity for firms is MR=MC.

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Q

Represent the promit maximising equilibrium price and quantity for firms graphically, both for price takers and price setters.

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