Chapter 9
Competition
We have pointed out that the theory of supply and demand is a theory of price in competitive markets. In this chapter, we draw on the previous two chapters and show how the supply curve is determined by price competition and profit maximization.
Begin the chapter
Overheads for This Chapter
Check your understanding -- multiple-choice questions
You Need to Know
To understand this chapter, you will need concepts from each of the preceding chapters:
Contents
- Introduction
- P-Competition
- Other Market Forms
- The Competitive Firm
- Firm Demand
- Industry Equilibrium
- Profits and Entry
- P-Competitive Equilibrium as an Ideal
- Chapter Summary
Next Chapter: Efficient Allocation of Resources
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