Market Structure

 

 


 

Customize your search:

E.g., 2017-09-10
E.g., 2017-09-10
E.g., 2017-09-10
Sep 11th 2017

In order to maximize profits, firms must ensure that any given output level is produced at least cost and then select the price-output combination that results in total revenue exceeding total cost by the greatest amount possible. With this in mind, this second module of the Power of Markets course addresses how firms can most effectively convert inputs into final output and then covers determining the best price-output combination for a firm and how this varies depending on whether the firm is operating in a perfectly competitive or imperfectly competitive market setting.

No votes yet
Self Paced

An overview of introductory microeconomics. Learn the key principles of economics and how to apply them to the real world - and the AP® exam! Want to learn how individuals and businesses make the decisions that drive our economy - and use those skills to ace the Microeconomics AP® exam? This is the course for you!

No votes yet