business economics

11. Production and Costs


Production is necessary for generating revenues, but it necessarily entails costs.
business economics

12. The Competitive Firm


Investigating the long-term prospects of a perfectly competitive firm.
business economics

13. Market Power


Investigating the long-term prospects of a firm with significant market power.
business economics

14. Monopolistic Competition


Long-term perspectives of a firm with market power but missing barriers to entry.
business economics

15. Oligopoly


The implications of interdependence and strategic behavior.