Economics – Forms of Market, Perfect Competition, Revenue | Humanities Online Course by Udemy

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Learn about Forms of Market, Perfect Competition, Producers Equilibrium and Concept of Revenue in Economics

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Economics – Forms of Market, Perfect Competition, Revenue

ThisCourse covers several Economics topics likeProducer’s Equilibrium, Concept of Revenue, Forms of Market and Perfect competition. In Producers Equilibrium, we have covered what is producers Equilibrium, when is it achieved, how can you find outProducers Equilibrium using Marginal cost curve, Long and short run equilibrium and what is perfect competition. In the concept of Revenue section, you would learn about, Average, Marginal and Total Revenue, there inter-se relationship and Demand curve of a firm under Perfect competition and Monopoly or monopolistic competition. When looking at Forms of Market, we have explained various forms of market and there characteristics, including perfect competition, monopoly, monopolistic competition and Oligopoly. How each of these forms of market compare with each other is also covered as a part of this Course. In case of perfect competition, our course covers what would be the market situation in case where either supply or demand are elastic, or inelastic, and there are changes in the other variable. This would cover simultaneouschanges in supply and demand, change in demand when supply is perfectly inelastic and vice versa.

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