Factor Pricing
by Factors of production can be defined as inputs used for producing goods or services with …
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Price discrimination in monopoly
Price discrimination is a selling strategy that charges customers different prices for the same product …
Price Determination of Firm and industry under Monopoly
A monopoly refers to when a company and its product offerings dominate one sector or …
Price Determination of Firm and industry under Monopolistic competition
In monopolistic competition, since the product is differentiated between firms, each firm does not have …
Equilibrium of Firm and industry under Perfect competition
According to R.L.Miller, “Firm is an organisation that buys and hires resources and sells goods …
Price Determination of Firm and industry under Perfect competition
Features of Perfect Competition There are various market forms like perfect competition, monopoly, monopolistic competition, …
Revenue Analysis
The revenue of a firm jointly with its costs ascertains profits. Now let us discuss …
Law of Supply and its Elasticity
The law of supply is the microeconomic law that states that, all other factors being …
Cost Curves Analysis: Short run and Long run cost
Traditional Theory Traditional theory distinguishes between the short run and the long run. The short …
Producer’s Equilibrium through Isoquants
Economic production is the result of the output we produce by employing factors like land, …