'Allocatively efficient' presentation slideshows

Perfectly Competitive

671 views • 49 slides

The Economics of Short-Term Performance Obsession

391 views • 31 slides

The Economics of Short-Term Performance Obsession

313 views • 31 slides

1.3 Government Intervention

1.3 Government Intervention. U nit Overview. 1.3 Government Intervention. The Role of Government. The Role of Government in the Market Economy Up to this point, we have examined how free markets work.

605 views • 28 slides

Mircoeconomics

Mircoeconomics. 2006. Question 1. PRICE/COST. Marginal Cost. P6. P5. Average Total Cost. P4. P3. P2. P1. Demand. 0. Q1. Q2. Q3. Q4. Q5. Q6. Q7. ATTENDANCE. Marginal Revenue. There is one art museum on the island of Watsonia. The

161 views • 14 slides

Externality

Externality. John R. Swinton, Ph.D. Center for Economic Education Georgia College & State University. Externality. Question: Assume that the market for good X is perfectly competitive and that the production of good X creates a negative externality. Externality.

300 views • 11 slides

SESSION 6 : PRICE DETERMINATION IN MARKETS (MARKET EQUILIBRIUM)

SESSION 6 : PRICE DETERMINATION IN MARKETS (MARKET EQUILIBRIUM) . Talking Points. 1. Price is determined in a market by the interaction of buyers and sellers (buyers trying to pay the lowest possible price and sellers trying to sell at the highest possible price ).

239 views • 8 slides

SESSION 9 : MARKET FAILURES

SESSION 9 : MARKET FAILURES. Talking Points. 1. For markets to produce the allocatively efficient quantities of goods, the markets must be perfectly competitive with well-defined property rights .

247 views • 7 slides

Monopolistic Competition

Monopolistic Competition. Characteristics. Small firms (size) Fewer numbers than in PC No collusion (cooperation) between firms Independent actions Differentiated Product Some control over price Easy to enter or exit the market Advertising

153 views • 6 slides

Perfect Competition vs. Monopoly

253 views • 6 slides