market structuresthis refers to the nature and
Market Structures
This refers to the nature and degree of competition within a particular market. Capitalist economies are characterised by a large range of different market structures.
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marginal costthis is the increase in total cost resulting from the production of an extra unit of output thus if tcn is
cost of capital financial management the nu-nu brothers inc nnbi has the following capital structure which it considers to be
average revenue arthis is the revenue per unit of the commodity sold it is obtained by dividing total revenue by total quantity sold for a
marginal revenue mrthis is the increase in total revenue resulting from the sale of an extra unit of output thus if trn-1 is total revenue from
market structuresthis refers to the nature and degree of competition within a particular market capitalist economies are characterised by a large
perfect competition the model of perfect competition describes a market situation in which there arei many buyers
normal and supernormal profitsnormal profit refers to the payment necessary to keep an entrepreneur in a particular line of productionin economics it
advantages of perfect market it achieves subject to certain conditions an allocation of resources which is socially optimal or economically efficient
disadvantages of perfect competition there is a great deal of duplication of production and distribution facilities amongst firms and consequent
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