Consider a perfectly competitive firm that produces/tutorialoutletdotcom

1
Consider a perfectly competitive firm that
produces/tutorialoutletdotcom
FOR MORE CLASSES VISIT www.tutorialoutlet.com
2
Consider a perfectly competitive firm that
produces/tutorialoutletdotcom

• Consider a perfectly competitive firm that
  produces
• FOR MORE CLASSES VISIT
• www.tutorialoutlet.com
•  
• As opposed to the long run, if a perfectly
  competitive firm or a monopolist is in the short
  run,
• then
• the firm is not able to cut its rate of output to
  zero
• barriers to entry exist that prevent new firms
  from entering the industry
• the firm is not able to change the level of all
  of the inputs it uses
• the firm is not able to change the level of any
  of the inputs it uses

3
Add a Slide Title - 5

• Consider a perfectly competitive firm that
  produces/tutorialoutletdotcom