Kopieren und bearbeiten

IB Economics: Theory of the Firm - Market Structure

Beschreibung

Mindmap am IB Economics: Theory of the Firm - Market Structure, erstellt von veronika.salla am 01/02/2015.
veronika.salla
Mindmap von veronika.salla, aktualisiert more than 1 year ago
veronika.salla
Erstellt von veronika.salla vor etwa 9 Jahre
244
4
0

Zusammenfassung der Ressource

IB Economics: Theory of the Firm - Market Structure
  1. Perfect Competition
    1. Assumptions:
      1. - Large number of firms
        1. - Homogeneous products
          1. - No barriers to entry/exit
            1. - Symmetrical/perfect info
              1. - Perfect resource mobility
          2. price-taker
        2. Price competition only
          1. Exists theoretically
            1. Short Run
              1. Abnormal profit
                1. Normal profit
                  1. Loss
                  2. Long Run
                    1. Normal profit
                    2. Effeiciency
                      1. AE: leads to P=MC
                        1. PE: leads to MC=ATC
                      2. Monopoly
                        1. Assumptions
                          1. - Only 1 firm
                            1. - Unique product
                              1. - Significant barriers to entry/exit
                                1. e.g. legal, resources, branding, asymmetric info
                              2. price-maker
                            2. No/weak competition
                              1. contrained by demand
                              2. Short Run
                                1. Abnormal profit
                                  1. Normal profit
                                    1. Loss
                                    2. Long Run
                                      1. usually same as SR
                                        1. due to barriers
                                      2. Inefficient
                                        1. Demand: Inelastic
                                        2. Monopolistic Competition
                                          1. Assumptions
                                            1. - Large number of firms
                                              1. - No barriers to entry/exit
                                                1. - Product differentiation
                                                  1. close substituted
                                                2. price-maker
                                                  1. less than oligopoly & monopoly
                                              2. Price competition & non-price competition
                                                1. Short Run
                                                  1. Loss
                                                    1. Normal profit
                                                      1. Abnormal profit
                                                      2. Long Run
                                                        1. Normal prfit
                                                        2. Inefficient
                                                          1. Demand: elastic
                                                            1. Demand: perfectly elastic
                                                            2. Oligopoly
                                                              1. Assumptions
                                                                1. - Small number of firms (2-12)
                                                                  1. - Both homogeneous and differentiated products
                                                                    1. Considerable barriers to entry/exit
                                                                      1. e.g. start-up costs
                                                                    2. some have large market share
                                                                      1. price-maker (less than monopoly)
                                                                  2. Mutually independent
                                                                    1. strategic behaviour
                                                                      1. conflicting incentives
                                                                        1. collusion & competing
                                                                      2. Non-price competition
                                                                        1. Short Run
                                                                          1. Abnormal profit
                                                                            1. Normal profit
                                                                              1. Loss
                                                                              2. Long Run
                                                                                1. Abnormal profits available if cartels succeed
                                                                                2. Inefficienct
                                                                                  1. Kinked demand curve
                                                                                    1. top: elastic
                                                                                      1. bottom: inelastic
                                                                                  Zusammenfassung anzeigen Zusammenfassung ausblenden

                                                                                  Möchten Sie kostenlos Ihre eigenen Mindmaps mit GoConqr erstellen? Mehr erfahren.

                                                                                  ähnlicher Inhalt

                                                                                  Spanisch Einstufungstest Niveau A1.1
                                                                                  SprachschuleAktiv
                                                                                  2C Entwicklungspsychologie
                                                                                  petra.drewitz
                                                                                  Wege, um mit GoConqr Tools zu unterrichten
                                                                                  Elena Koch
                                                                                  Pädagogik: Lernvokabeln zu Jean Piaget
                                                                                  Lena S.
                                                                                  13. Altklausuren - Allgemeinwissen Makro
                                                                                  Rafael Mentges
                                                                                  Fachinformatiker AE
                                                                                  Marie Mirschel
                                                                                  WT1 Uni Due
                                                                                  Awash Kaul
                                                                                  Vetie Immunologie 168-196
                                                                                  verena be
                                                                                  Vetie Para Morphologie Virtuelles Mikroskop
                                                                                  Kristin E
                                                                                  Lebensmittelkunde 2015 - Vetie
                                                                                  Peter Christian Ponn
                                                                                  Vetie Geflügelkrankheiten Fragebogen Röntgen 2, Haltung und Arten
                                                                                  N. H.
                                                                                  Bibliothek durchsuchen