Supply and Demand Under Perfect Competition

Martin Kolmar ()
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Martin Kolmar: University of St. Gallen

Chapter 4 in Principles of Microeconomics, 2017, pp 55-82 from Springer

Abstract: Abstract This chapter covers … the functioning of competitive markets as one way of organizing economic activities. how supply and demand can be determined, how they can be used to predict market behavior and the effect changes have in the economic environment on economic outcomes. how to apply the theory of competitive markets in order to better understand the economy.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-57589-6_4

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DOI: 10.1007/978-3-319-57589-6_4

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