Subscribe to this RSS feed
Thursday, 29 August 2013 19:07

Perfect Competition

Perfect Competition

At AS it was acceptable just to refer to a market structure as either competitive or a monopoly. In reality there is a spectrum from perfect competition, the most competitive, through oligopolies to monopolies, where there is no competition. This presentation will take you through perfect competition step by step, including how to draw the diagram.

Published in Business Economics
TOP
TOP