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More cards in this set
Card 6
Front
PC- how is market price decided?
Back
Card 7
Front
MC- why is there some scope for influencing price?
Back
Card 8
Front
if there are abnormal profits in the market and no barriers to entry what will happen?
Back
Card 9
Front
perfect competition
Back
Card 10
Front
assumptions of PC
Back
Card 11
Front
price taker
Back
Card 12
Front
PC- what shape is the demand curve?
Back
Card 13
Front
PC- why not set a higher price?
Back
Card 14
Front
PC- why not set a lower price?
Back
Card 15
Front
PC- how does it decide how much to produce?`
Back
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