Spec: what students need to learn
- Allocative, productive and dynamic efficiency and X-inefficiency
- Efficiency and inefficiency in different market structures
Full notes coming soon.
3.4 Efficiency, perfect competition and monopolistic competition
Content
3.4.1 Efficiency
3.4.2 Perfect competition
Spec: what students need to learn
- Characteristics
- Profit-maximising equilibrium in the short run and long run
- Diagrammatic analysis
Full notes coming soon.
3.4.3 Monopolistic competition
Spec: what students need to learn
- Characteristics
- Profit-maximising equilibrium in the short run and long run
- Diagrammatic analysis
Full notes coming soon.
Resources
Downloads (PDF)
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