Perfect Competition: Mastering Perfect Competition, Your Guide to Thriving in the World of Economics

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What is Perfect Competition

Perfect markets, also known as atomistic markets, are defined by a number of idealizing conditions that are together referred to as perfect competition or atomistic competition. This definition is found in the field of economics, more specifically in the theory of general equilibrium. In theoretical models when circumstances of perfect competition are present, it has been proved that a market will establish an equilibrium in which the quantity supplied for every commodity or service, including labor, matches the amount required at the current price. This equilibrium will be reached when the perfect competition criteria are met. An example of a Pareto optimal equilibrium would be this one.


How you will benefit


(I) Insights, and validations about the following topics:


Chapter 1: Perfect competition


Chapter 2: Duopoly


Chapter 3: Microeconomics


Chapter 4: Monopoly


Chapter 5: Monopolistic competition


Chapter 6: Oligopoly


Chapter 7: Imperfect competition


Chapter 8: Profit maximization


Chapter 9: Economic equilibrium


Chapter 10: Marginal cost


Chapter 11: Monopoly profit


Chapter 12: Market power


Chapter 13: Marginal revenue


Chapter 14: Marginal revenue productivity theory of wages


Chapter 15: Bertrand competition


Chapter 16: Long run and short run


Chapter 17: Competition (economics)


Chapter 18: Profit (economics)


Chapter 19: Factor market


Chapter 20: Bertrand-Edgeworth model


Chapter 21: Monopoly price


(II) Answering the public top questions about perfect competition.


(III) Real world examples for the usage of perfect competition in many fields.


Who this book is for


Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Perfect Competition.

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