tailieunhanh - Lecture Microeconomics: Theory and applications (12/e): Chapter 9 - Browning, Zupan

Chapter 9 - Profit maximization in perfectly competitive markets. In this chapter students will be able to: Outline the conditions that characterize perfect competition, explain why it is appropriate to assume profit maximization on the part of firms, show why the fact that a competitive firm is a price taker implies that the demand curve for the firm is perfectly horizontal, . |