We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Pure Competition & Monopolistic Competition - Research Paper Example

Comments (0)
From the discussion in the paper "Pure Competition & Monopolistic Competition," it may be concluded that pure competition and monopolistic competition are the fundamental economic concepts that provide the foundation to micro and macroeconomics’ theoretical frameworks…
Download full paper
Pure Competition & Monopolistic Competition
Read TextPreview

Extract of sample
Pure Competition & Monopolistic Competition

Download file to see previous pages... A firm in a perfect competition shows complete elasticity to price fluctuations. Also, marginal revenues are equals to average revenues and market demands. It is the demand which causes shifts in average and marginal revenues in the short-run. Changes in market demand and supply lead to price fluctuations (Reynolds). 2.3Profit Maximization in the Short-Run For a firm in a pure competition, the difference between total costs and total revenues represent profits. For a firm to earn maximum profits, ability to control and react to marginal costs and revenue functions is important. If a firm can identify the level where marginal costs (MC) can be equals to marginal revenues (MR), profit can be maximized by increasing the output and number of units sold. It is important to note that in a short-run, Average revenue (AR) is equals to marginal revenue (MR) which also represents market price. Furthermore, the firm is intended to increase profits and not revenues. Therefore, a firm is required to produce and sell additional goods in order to reduce marginal costs (MC). The lower marginal cost would lead to lower average costs and the difference between average costs and revenues would indicate final profits of the firm. In short, if marginal costs (MC) are equals to marginal revenues, the firm is earning maximum profits. In a scenario where these two variables are equal or MR is higher than MC, the firm should produce more and vice versa (see Fig 1). In a short-run, the maximum loss that a firm can bear is its fixed cost. ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Competition A Factor to Achieve an Excellence
What is important is the manner in which competition will shape up business decisions and even day to day understandings which will be reached upon by the people in general. Would it facilitate in achieving excellence might be an understatement or perhaps taken in a totally different light altogether.
4 Pages(1000 words)Research Paper
Ecomomic Regulation or competition policy
The research would be largely based on theory but I will also try to prove my point through examples and empirical evidence. I will start with the building of concept first about economic regulations and then will discuss various aspects of it in detail. This includes theories of economic regulations and Competition policy.
9 Pages(2250 words)Research Paper
Apple Inc.: Market Analysis & Competition
IDesk can be called the larger version of iPad. The target market of iDesk is set to be all Post-Secondary education institutions with faculty of Arts and Design and all the decision makers associated with making the purchase and installation of iDesks in classrooms for these institutions. Preferably, the Deans of respective faculties would be considered the audience who can actually be contacted.
2 Pages(500 words)Research Paper
Competition, Marketing Mix, and Pricing
In this report, the best marketing mix tool would be selected for Maryland General Hospital with respect to the health care market of Baltimore. The pricing strategies will be discussed in this report for finding out the best pricing strategy practiced in that market and most effective for this specific organization.
5 Pages(1250 words)Research Paper
Strategic Marketing (SBU Competition)
The total number of broad band user at the end of December, 2012 was 10,195,000. Star Hub is one of the leading companies providing the internet facility. Of many competitors of Star Hub internet the top two competitors are exist in M1 Net Ltd and SingNet Broadband.
5 Pages(1250 words)Research Paper
Perfect Competition
Stock Exchanges lose the bout on the fact that individual players can influence the price, and these markets can often experience high levels of Govt. regulation and
3 Pages(750 words)Research Paper
Monopolistic Competition
Since the firms sell differentiated products, competition becomes very stiff resulting to sellers producing a small amount of the market supply. In monopolistic competition, sellers sell similar but not identical products. This means that the firms always provide
3 Pages(750 words)Research Paper
Monopolistic competition
Other features supported by mobile phones include photography and gaming. The first phone that was portable was developed in 1973 (Google, 2013). The first commercial cell phone, the DynaTAC 8000x, was introduced in 1983 into
6 Pages(1500 words)Research Paper
Competition in drafts for sports
The best known type of drafts in both leagues are known as entry draft. An entry draft is one the pinnacle elements that allocates players who have recently become eligible to play in this league.
3 Pages(750 words)Research Paper
Monopolistic competition
eir customers, use other raw materials for products production or different packages; offer additional attendant services and products for the customers of the products) and perceived (when companies use advertising to make the customer believe that a product has some additional
1 Pages(250 words)Assignment
Let us find you another Research Paper on topic Pure Competition & Monopolistic Competition for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us