In order to maximize profits, firms must ensure that any given output level is produced at least cost and then select the price-output combination that results in total revenue exceeding total cost by the greatest amount possible. With this in mind, this second module of the Power of Markets course addresses how firms can most effectively convert inputs into final output and then covers determining the best price-output combination for a firm and how this varies depending on whether the firm is operating in a perfectly competitive or imperfectly competitive market setting.
The Power of Markets II: Market Structure and Firm BehaviorUniversity of Rochester
About this Course
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TOP REVIEWS FROM THE POWER OF MARKETS II: MARKET STRUCTURE AND FIRM BEHAVIOR
A very good taste and exposing to the economical thinking
The course that changes way of thinking. Thank you a lot for this.
This course was great. I strongly recommend buying the recommended book, as it will help a lot.
Great course, looking forward to take the next one on this topic.
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