미시 경제) 완전 경쟁 시장의 특성. 영문

소개글

미국에서 경영학을 공부하는 유학생 입니다.
미시 경제학 수업을 들으면서 냈던 (독점 시장과 비교해서) 완전 경쟁 시장의 특성에 대해 제출한 레포트 입니다.
영문 레포트입니다.

목차

없음

본문내용

There are a few assumptions to be perfectly competitive market. The first assumption is that there are a lot of firms acting as suppliers and buyers acting as consumers in the perfectly competitive market. That way, firms and buyers can’t have market power to determine price. Instead they are price takers. The second assumption is that all of the firms offer standardized products to buyers. The third assumption is that everyone in the competitive market can get information easily. The last assumption is that it is easy to enter into the market and exit from the market with perfectly-shared information.
In the long-run perfectly competitive equilibrium, the perfectly competitive market has certain characteristics.
The first characteristic is that market price is equal to marginal cost in the long-run perfectly competitive equilibrium. Because all of the products are standardized and there are a lot of firms and buyers in the perfectly competitive market. They are all price takers so that firms face a perfectly elastic demand because there are a lot of substitutes. Their marginal revenue can be price. All firms seek to find the market quantity to maximize profit

참고 자료

없음