Copiar e Editar

IB Economics: Theory of the Firm - Market Structure

Descrição

Mapa Mental sobre IB Economics: Theory of the Firm - Market Structure, criado por veronika.salla em 01-02-2015.
veronika.salla
Mapa Mental por veronika.salla, atualizado more than 1 year ago
veronika.salla
Criado por veronika.salla aproximadamente 9 anos atrás
244
4
0

Resumo de Recurso

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

                                                                                  Quer criar seus próprios Mapas Mentais gratuitos com a GoConqr? Saiba mais.

                                                                                  Semelhante

                                                                                  8 Benefícios dos Mapas Mentais
                                                                                  Alessandra S.
                                                                                  FONOLOGIA estudo dos sons
                                                                                  Viviana Veloso
                                                                                  Phrasal Verbs II
                                                                                  GoConqr suporte .
                                                                                  Literatura
                                                                                  neusamiotto
                                                                                  9 Gerenciamento de recursos humanos
                                                                                  Clenia Paradela
                                                                                  Introdução ao Microsoft Word
                                                                                  Roberto Becker
                                                                                  Matemática - Probabilidades
                                                                                  stellalorelay
                                                                                  Óptica Geométrica
                                                                                  Sara Soares
                                                                                  Pronomes
                                                                                  anginhayme
                                                                                  Escala de Coma de Glasgow
                                                                                  Vanessa Palauro
                                                                                  GoConqr para Professores
                                                                                  Lilian Arruda
                                                                                  Explore a Biblioteca