Perfect Competition- Microeconomics 3.7 

Continues Assessment - 01 The firms operate in Oligopolistic markets are highly interdependent. The firm’s behavior in relation to many aspects (example: - pricing, output, advertising, product differentiation) depends on the actions and reactions of its rivals. Therefore many theories have been developed to explain the behavior of firms operate in Oligopolistic market. With examples discuss how these theories help a manager in analyzing behavior of real world firms and thereby make effective decisions. Continues Assessment - 02 Explain how the price output and profit is determined in monopoly and pure competition and pure competition and monopolistic completion. Illustrate with graphs that pure competition is more beneficial to the consumers than monopoly and monopolistic competition. You will be assessed on Quality not on Quantity. Your answer should not exceed 15 pages. (15*2) This is economic assignment 2 assignment sir could you please sir help this assignment for my studies deadline march 10 please sir

I got it, and I am still struggling!!!! Pretty complicated stuff.

Why is answer D for #1? Wouldn't an increase in the number of consumers result in an increase of demand for gadgets, therefore increasing the MR and making the answer B?

@@alexandrakratz1292 Yes there is an increase in demand which will increase MR! If the MR increases so does the price (MRDARP) if the price increases without a change in ATC than you will be making more money. Think about if the ATC is $4 and the price is $5 you will be making a dollar. This is all in the short run though remember that it will all even out later.

correcto

I AGREE...HE DESERVES IT ALL

where's the answer key?

where is the answer. thank you.

@@mobiledude5229 down in the comments you need to scroll :) the answers are d) and c)

Thanks bro

congrats bro !

WTF are you doing here then! rewatching them? :))))

bro i am learning this stuff 8th grade

@@aryanchand3551 im glad u had access to those courses at that level!

@@greentea0956 well i am not appy with it lol

How’d it go?

@@Emilymakesthings yes it went well :) got a 95! thanks for asking

true... just show his monopolistic video and he was way younger .. lol

how did it go?

I'm homeschooled as well, and this really is helping me with my a levels

Me too.

same

yesss

the algorithm just puts the comment lower, it is still there - the answers are 1D and 2C

@@Chris10riginal Oh, okay. Thank you so much. I am used to the comment being pinned. But that makes a lot of sense.

no, externalities dont exist in a perfectly competitive market

Yes

D - C

are the answers in the end D and C?

Yeah, agreed

D and C

i was thinking D C

@@joannet5278 you‘re right🤥

D and C are the correct answers