More cards in this set

Card 26

Front

Why is 'market churn' important?

Back

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Card 27

Front

What is the price firms have to sell at?

Back

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Card 28

Front

Why is demand curve for the individual firm perfectly elastic?

Back

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Card 29

Front

What are the 5 assumptions of Perfect Comp?

Back

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Card 30

Front

What happens if there is an Abnormal loss?

Back

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Card 31

Front

What happens id there is an Abnormal profit?

Back

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Card 32

Front

What is the total market supply?

Back

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