Material Detail

"Market and enterprise in perfect competition" icon

Market and enterprise in perfect competition

This interactive tool explains the adjust in short and long term of the market and the enterprise under the theory of perfect competition. It allows the interaction of both dimensions and to see the equilibrium process in terms of profits, looses, prices, and exchanged quantities. The documentation includes graphs with explanations of the shifts, as well as exercises with feedback....

Show More


More about this material


Log in to participate in the discussions or sign up if you are not already a MERLOT member.