Add Papers Marked0
Paper checked off!

Marked works

Viewed0

Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

eKönyvtár library
FAQ
 
  • Why Is the Demand Curve of a Firm in Perfect Competition Perfectly Elastic?

     

    Essays2 Economics

Great deal: today with a discount!

Regular price:
1 020 Ft
You save:
143 Ft
Discounted price*:
877 Ft
Purchase
Add to Wish List
ID number:716593
Evaluation:
Published: 15.01.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Theoretically speaking four different market structures exists in today's world. Monopoly, oligopoly, imperfect competition and perfect competition are those four market structures. Monopoly and perfect competition are the two extreme cases, in monopoly the market is governed by one seller, and under perfect competition there are so many sellers that none of them has any power to control the market. As these two market structures are so extreme in nature, examples of these markets are very difficult to find in the every day world. Oligopoly and imperfect competition are the two common market structures and examples for them are easy to find in the real world. Oligopoly market structures usually consists of a very few firms in a given market and thus these firms enjoy quite a strong control over the market; example of an oligopoly would be OPEC.
The perfectly competitive model relies on five basic assumptions. These assumptions stay the same regardless the fact whether the market under consideration is a product market or a factor market.

Work pack:
GREAT DEAL buying in a pack your savings −1 290 Ft
Work pack Nr. 1246807
Load more similar papers

Send to email

Your name:

Enter an email address where the link will be sent:

Hi!
{Your name} suggests you to check out this eKönyvtár paper on „Why Is the Demand Curve of a Firm in Perfect Competition Perfectly Elastic?”.

Link to paper:
https://eng.ekonyvtar.eu/w/716593

Send

Email has been sent

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?

Facebook

Not registered yet?

Register and redeem free papers!

To receive free papers from eKönyvtár.com it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register