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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....

Keywords:: Perfect competition, Average cost, Equilibrium, Market, Marginal cost, Marginal income, Total cost

Disciplines:

Business / Economics / Micro

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More about this material

Material Type:: Tutorial
Date Added to MERLOT:: August 23, 2010
Date Modified in MERLOT:: May 13, 2018
Author:: Javier Carrillo, IE Business School
Submitter:: Martin Rodriguez
Primary Audience:: College General Ed
Technical Format:: Website

Mobile Compatibility:: Not specified at this time
Technical Requirements:: Internet access, Internet browser
Language:: English
Cost Involved:: No
Source Code Available:: Unknown
Accessibility Information Available:: Unknown
Creative Commons:: This work is licensed under a Attribution-NonCommercial-NoDerivs 3.0 Spain