'Supernormal profit' presentation slideshows

Class Reading

Class Reading. Remainder Part B: 118- 176 Part C: 117- 217 Knowing the diagrams in this section is very important Book: CIMA (certificate 4) Fundamentals of Business Economics -Chapter 6a: 118-131 -Chapter 6b: 132-157 -Chapter 7: 158-176 -Chapter 8a:177-191 -Chapter 8b:192- 217.

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Perfect Competition

Perfect Competition. Revenue. The amount of money that a company actually receives during a specific period, after selling its Products in the market is called Revenue. Total Revenue. Total revenue refers to the total sale proceeds of a firm by selling its total output at a given price.

407 views • 28 slides

The economics of market power

The economics of market power. 1. Monopoly definition price, output & profit 2. The welfare effects of monopoly comparison with perfect competition 3. Competition policy. 1. Monopoly. Competitive world high profits - new entrants losses - exitsclosure prices determined by the market

384 views • 13 slides

Monopolistic Competition

Monopolistic Competition. www.mbaknol.com. Introduction. Introduced by Joan Robinson ( The Economics of Imperfect Competition, 1933) and Edward H. Chamberlin ( The Theory of Monopolistic Competition, 1933)

454 views • 10 slides

203 views • 9 slides