University of Georgia Competitive Markets and Demand Curve Discussion
I’m trying to learn for my Micro Economics class and I’m stuck. Can you help?
you create your own company and talk about it as Irie parts servicies. This is becasue i would be like an autozone for 18 wheeler parts,t
he directions are as follow:
you develop a specific business good or service. You should use this specific good or service for all of the remaining weeks, please do not change your good or service.
If the market for your good were to suddenly become perfectly competitive.
- Indicate what happens to the firm’s demand curve.
- Describe the perfectly competitive equilibrium price and quantity.
- Discuss the prospects for your small business in the long run.
