Unit6_Chapter10_Hirschey_Lecture

Unit6_Chapter10_Hirschey_Lecture - FUNDAMENTALS OF...

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    FUNDAMENTALS OF FUNDAMENTALS OF MANAGERIAL MANAGERIAL ECONOMICS ECONOMICS 8 8 th th Edition Edition By By Mark Hirschey Mark Hirschey
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    Competitive Markets Competitive Markets Chapter 10 Chapter 10
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    Chapter 10 Chapter 10 OVERVIEW OVERVIEW Competitive Environment Factors That Shape the Competitive  Environment Competitive Market Characteristics Profit Maximization in Competitive Markets Marginal Cost and Firm Supply Competitive Market Supply Curve Competitive Market Equilibrium
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    Chapter 10 Chapter 10 KEY CONCEPTS KEY CONCEPTS market structure market potential entrant product differentiation competitive markets barrier to entry barrier to mobility barrier to exit perfect  competition price takers normal profit economic profit economic losses marginal analysis competitive firm short- run supply curve competitive firm long- run supply curve.
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This note was uploaded on 09/25/2011 for the course BSAD 314 taught by Professor Staff during the Spring '10 term at SUNY Canton.

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Unit6_Chapter10_Hirschey_Lecture - FUNDAMENTALS OF...

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