Competitive Behaviour vs. Competitive Market Structure Here are some key terms to begin discussing and understanding competitive behaviors and market structures. Competitive behaviour is the
Producers have Long Run Costs Recall that: > In the short run some costs are fixed. > In the long run fixed costs become variable.
Looking for introductory information about profit maximizing output for producers (firms)? Look no further than DiscussEconomics’ microeconomics article section for the latest information on the
Here are some intro explanations and examples of microeconomic principles behind profit maximization, marginal, and average revenue. In our examples we will make some assumption
DiscussEconomics is about to being a series on introductory principles of microeconomics. This is perfect for beginner economists, those looking to brush up on some
This question was originally penned in our Economics Forum, but we closed that so it’s been reposed here. Background: We are located in an economic