agmeln mene ze @ aM as. un i. 322 04 2a-0 4 ah Le NClonagesial Peononter — Syllabus Rott Poamelia ion Economics \. Demand Elo shel by ot Demand. aeprrrrrneerenerenn ddan d ddd dee Cpvice oh Hye, prrocluct Qucome Of, tae comcumel, prmbHout 2 cies ehashich 12. Ka Pomel usHowicrt = sivintv PU Concept pod Uuchow Comort tum law - Cree vemains o) CGeatohtou + warting time Leng team Iu) = Checly changes Iw Jpg sun £ tondictesntty ) ] 3. Cork analysts + Concept 1 Short tum cosks , lovg steam Lorre “Imvovaton. 7 & Qovenue. - Quncepit B. Book senommen dahon — “Fdrdia Unbound, | Guruthora0 Pos.spo ing camnet fe used fr opuahonal a i aches and ouly Cop &. ee /ae eon oe Ruta Nokes S Objectives Aa Pom. a. Peotit moaximizah'ow b. Paler maximizaHon Cates < (0, f) c Satio-fycing trem =( Crorge tHubet) dle fare motive . Yrteing chabeg'es. a a 6 ‘Compech tious Gn the market. Perfert tompettton. : cfm per te com petition KM owor Upunpotich comperthoo « Oligopotistc drende . Miers (Rooks ‘ Heh. Auf oa. - Pd vance d* Eeonomico! ’ 2. (fregory Mankivo - Er neples Lt Ciero evo nomics Ne : Miu Sm . Odvavwm Corer — +» Eoonomick - Ne Dowie ivatore ie RK |e. Base ecinamentes - Bamodoxw ote. ie Cru} ona th.. IE [2/22 | Leqresston IK. Gowwnts data Clumpe Suto compochenuble Sacto moatiow- FPPETEDTEEED _|Srosnacit = got curtain. = f® cae dndep enelentve. dep enc ent vou. Vat numbers of %K. Detumined va. eaves AS Cause @ Ekbee Dependent in two, ¥QN Pave Causating & ust wrdaton. * Rineor seg rundion b Bata => eq” v Witt region dota -> din eat a”. Yo Prt Bo x LRieularion VedOOCORPR EMRE aegrasron 4" ( Yor Bit be 2 LsKe - sample | [effec ext OF Ba = Sigg Bi = tatacept Cae N= Populattoo 9 = gample po pula 1 Shoula be aqHeart Lot}. ok Napne £ fx Ve a + z XK y |e ye ® 2 ye yore VY | resin £4 a =4 ib 4 o 2] -l 0 ° 1 2 -~F 0-78 0 2 27/0 17 ‘tT ~O 20 FT aq 44 , noe [ 1 % 2 ) ws Bo 96 4 : © 13 | 2 -t -4 4 19 -6 26 Y4 <7 [= 1p (04 Nb | t eset : a N= Ss00_ students - (ee [ee] gz. 8 Fe 20 ee Kr t (Gay Bos EE ee ! ae lo = Y-(k) Po Ine | 2. 20 -(2)(-0-s) mz Pe | = othe = PSEA Y= Wa men Bi + Pox. f= ate -0- CX) Rest with y now . abrdehoud wre com : COWL, aE. ace p= 2\°/. tence * cannot explain ‘t's loehamiour. % tt a Poot explanator + Y- er (=o -s) (tc) = 2.8 = 260,210 MG 6 We 7 5 e?= (Be. ) Cex”) 27) coefficient a4 Deteming Hou Goodness of yt o< 2 <\ CO. SO of. = benchmak esof + poor Ht 7 OS = gooa at. (go0d, betes beet Natural SueneeA = Cod = 1.Hipplicatron oA Regression. weston & Flagiidity 4 a nl epenclent on __X%- S AN 4. es eae %_ | = Bol» Pom a oO pos hatioltt GTeiactiary [ =dan® [x | wi fa| | ee en U7 tal | 7. Reulralead the unit e= AY # (ec) Relavely Clare +e 21 —¢ Bx: [oe mPleriovd (212) Rolawe wy Thelachic! 2<\ gl, a Practice Qu Jasin} Qlartic - e =! Raafe ck _inolashe ! @20 @lecture oo 2@ /\o 22 (Derive, the Slashcity Formula —2quatou lof — 0-42(20) ine Lyx when = 20 ie (ines the, Aegon Fhe Suey hone Haat Rs J = lot - 0-92 4 ¥ "in ¢ 88-6 fun = Ae -0-42 [20 | = = 0-204 ge.6 en = O0.20¢ = Be Q.s s = \o¢-23492% - Fine eyx urhen X= 20. ys 10f- 3-92 (20) = 28-6 Oye = — 2.90 [oé4 20\ — = 2 ty Cay 266 | a leye| = 2 74 SD PE h ezfay [e» Price €4 Cap lcouceaned Goods D) Fuso me oy Ancame €4 Lay Poteu Kal Customers 3) Prce Soy —_ Ons £4 Laxey Rerated good 4) "Prom ontons —? owno honal Eda é4 re 9 | i aay Ease peal - a anne) Each 49 pe us| ae shoeaq Lt Demaud &Beqrees of Charen 2/ dD ae RadeoHy tuela vie Demand CapzO . T Letahvely tneashe Demand Ere ; Quran Elorhe Demand Cap = | Relatively Elarhc Demand . LB Pe Du ee -mp. CCCOCECRUACE LACE 22099999999993Poe Da trol) ealp - 30 S00 so ISO Sf aD = S800 XIp0 = to. 0 : Sf Ap = 22-30 = 2D a Stit4, 20 20 Qap= —fO = - 10 66.64 atsplay 3 decd mats \eapl = voee | wore with ¢. ‘SS Re Pa_| Du ge. | 300 40 450 LAD = 50-200 = Sdy/. B06 a AP = 40-42 = 4haef. 2 2\i2S Cap = s0 4ax eis Qe Atte aA user 1 uweas ound the fo De = 69- 0-4 Pf. Z Armand Tunclyon (Sree) end Cap When re price is 1D Soin. Bs-0-4 Deis 6S" 6-4 (in) = See L io gf ip) =. -o-je 8] leap| ‘= o-121 for exam, Price 10 Te the lowered price . \s RIG sr fuvowable or untavalero ule Af prices fave fallen then RIG Te 5 an uutovourable etuabion fer the ivm ence Se market gre Ror not Yaron eiquthaan ty. Q. |Oten 2 Srraregi®s shat wn trancfornn UnFavo waa ble. to favourable. tL Ofda Incentives. Cow x qetxtn free) 2. Lacrece Slt ~cost (Bedcwe Sacbonies) 2. Baoud eds [2- Emp ve the ineenhres to salesdeph a 4. "StmantftaHonLL ste | Troma Ela ericiny 2 Dema nt e4y = -/ Avon =/ Adz \/ Ye f. A Sy Km y Dus] = E2{ 9 \ x tnepme Demand 1-00,000 S60 Beco cod fs0 anda uiable. “tno wre qrevo bue demand Fo Tunea at enw? pur, [There Te ater but Heres ack. of Ort i Agut bes =i Q. [lwo tre beg Tes to Tm prove sling nes |. | Pr vide Armbrence to tre cu omer 2.| lucion oF cer gonxcetty i —> | FP the reqremion equah'outs Dx = Fooo + 1-8 “hen find Cady when tne Tnome Pncteases +o 3O,00U . Oduye ee f. S0000\2 2 0 84 \“ae000/ Cuvtowovsabl) Dx = A004 (2 (20000) a = 46006 peut up Comvu mp hon — faurahon Ww wm| luweerr cock 2 sell Drffuenn me feck. 2h (2 de cure O82. wMomoKo x D an Mos bocharag cortr- —the cort inw wed wile prdudna the product 4. Rear wooed dutuert & Pro prt- Celina wres- Cost Pnreumed wile molesting he produced prod uch 4 60 Lee Ard veuatise ment Package, Rervie 4a AMon., Mannequins sewnrices — pre caleg ousales, port sales J Mer Aehecs Supply co Ades Dewland. ay 2 -/ Ade = $2] #\ ~ AP (pz) Bromo exp demand ~a__| 400. Cane 128" 220, Fo Goo 60 AD= coo _ietf. AA = 30 = cor. cf SO/ [2 Hiythe demand $7 8s or+o-4h dind eax wrhen Ane romeo henal exp endiyne ‘As loo. Dx= 20+ 0-4(100) = 6s Rap = 0-4 100\ = 0-6) (er) je ee 24k Pind eda when A Ps 100. Bee 204 240 = 2e6u" alee 24 [ loo = O00 —— ax)y tn uo # 4 Cross ebasbicity of Peman = f Qdxy cc YADx - [Py \ ar " pe | = - f ¥ ee = Corbpetesve goods. Quppormr< goods - or Fry |v Dy : FDx 7 Pay LDy VOPe ] Fy | Dx Py Da i so 4oo sD ALS = jj £0. | .4b0 eo | 4oe ) 7 i= \ 7 Sa. | ros los. Ap = S00 <|-® SVk7 : Goo X00 = a6 6 6h). <5 Bp = 90 2. 60 . =D Ody =| 12 = 2-0OF dey = mab ' aoat — —-6: Sr Re Go ‘ cpu ' 25 + 6-+Py aie x Dee 2S =O PR, e *:Ss (Rotee at Y= \0 Rnd ne ehostory » Dea = ae + Dee 20-F = Bo = 18 Saey = 6-F [10\ eany 2-0: + (18 \ Ba = ave Sul Ve Ow = 9-218 = —0-248. Lei ——> |edny| = 6-29 HE price of 7 fe vinmg Hyon 2'e is good for that tom pary ince “ts mouket's bot Reducaua arr —_ Pork Space. at ce Fs UEng tre RE Haose Unkovovsa le @nce tie ourtttux towords x & Puceasingay Aa A Cub date Compleme nia Ry T yl Det Py fF Dyy VBx Ry e, \. [Conceptratze Demand (122\ 2. |\tumescale2 must Y fo, (fan) Ge) cpeancly rmation involve fp rn pla te ne. Teron ven Alapras \ mkt be Solemn froin & TTeohnicatnres Fao duchy “fF ON SO aD a #o eo eC. [exo Auch'o“w, uw ot Porrable profortiovt lett ae tre Raw of Petun Shot tom tow— aa y apn || Stoget Stage | Stages. meP : t . \ f Y | Nechanial | “Pretness’ f “Sattqud | Veyrauttr'on' . | [a Li ' / \ / T aaa l F i Fi ssi aos ale (Mort tum Aoi et - aS Product on= 12 Pol /2e ture OF st Hsoquauls Aualyts _( decent ser) q the Capita produces. | 4 \ \ \ Tay so Acoquant LQ,20 mop IQ10 Au iso, want sous £ tale, 2 pro duchtan 4 for Levetat combmattyn Heoqua wt nap wi the Lane plese will eng ness to Produce. Abit Ay the produces — Packer coat tine Ret re allocated toudgel pe 1000 Wir Hine. price of tabour be do = /br, let price of capital Be 100 /anit. Gout pruct +e factor cot tine or. thex I 7 ae an Corp os E = 2 = om (oL}10¢) an e a =~ La of ¢) RK GDL, 009 Af tne budget & epeut only om labour, se faetor mould be (om biuahkou ona \y om” caprral Haen “Hu Fach coorliuates would ’e (OL, Loc.) The cost ot foroows & carnal eemaini Came, renee we factor cock sme mort & pudond posaltely . ae |Produces -equit'bt rundi {= HEe irrahoua \ +o pe Ne pro duce at AGB a Os + produces Sess ot tne Lame \oudger. Togo I aeprrationa ). \ \e \~—— | Muttple equitoraum powl - \u Erpansionary pate Ca Tea ,30 Ch an c lob Oap_, ach fctonan eh Ceaprtte! Antonare) Z=— Coatews ‘ntensaxt) 7 laba> ar ea bar). yaaa Cajrtel Furcshnent tnwm Gs: La Valo le Ble u PgR R¢ ‘Deerenmne, — & | to Ats Ato. ou > [Mand tate vote Oane Howrey y ibe rpenyesy eanatee arenas Dts to SCAR!Bovlsr SK +o crlivon , Sarthe “Be yey x Graves, Creams & street . LI Chapter 2. cost Of Prod uectio te ati Cost Weurract. Atos guang— Up Hae _vext bert a\ttunahre : Orv oorhibuy coat ouve- Tee eee NM Oweckary Ups (= PN 19291315 Dove min wale . “| Diced corts aurable _cpett - tec) (Tv) — [datob\idarvg she Use Hu _produchre, “ag paod welnwe, Cour cuuty Coach... a9 a tv a if — Vale qT a "> [ = ef aes aay) ey 4 = L er Vasenss Gineses | “el ary — TRE= (aro ave = ("Olay Rs Tre 44 (8) tyes (a) Sia IPrewount: por Hae Pape TVG Cure, "tf ao tathhHon 8 fern C= dane of R- edausted,Abe Pe uw ot tue output pooduced eT Apc = Tec i fe fe Pecos $(1Q) lstoys aw! FEC Cure is vate) _| A Rectang UL et (_ AyPpatola . -A(o) = ACB) > Bl TF B+ Bs ele ee aoe EoD OFF. NAME & ADDRESS (ve\ibetations cin the shag | KKK Discuss the shape of 4 he ape aft the AC| curve Cah he cle [ibey ated os unde using the least] toot pging fey _pavtttioniy { nro L Stage 2+ a | the Ar cont: fill] ce te. He [fixed tetpy alle (as tong] cs te fied eee Lo frses «Wy Cenlicating Ene ne fotque— AC ~ | ef Leo Potmos i fix Foorieee ~y NAME & ADDRESS OFF. RES. MOBILE j _ecoromig 6 behind the AC falling can be |eXplalnd siseugs the flim _enypying intesnal economies of | a ike techie! eo, Merge cfc eo: | [pick boris cee, 2s Jeo, Mitini eco, com eco y lahus | Sq! Grae 2] 4a] pe AC KY ce Alorgit te internal ekonomies, the frend | be | } Leajoy Ave externalities |of concedtxation, information disintegration _ - | Thus, in Skq 1 the AC | cum mews) downwant | i Sq Zn the SG | the AK | continves | r6 fall unhes thy ea ta eh dg is degpading op ong dep Ked Tactes ill catse| the AVC eo vise fontinuowdy | SPA ARC ives AC _. h zphe mage Lees | sath oo @ oc is Ting t - Mc _lies Ghee AC + 1¢ fing ot fask_p : * Like AC, MC continuous, wet gts 5 hence tt (7) 0 - i na + 2% =| cee * (Least Cost fornt.) 13,5 Az@a) eZ RES. Leynal_econpmies of | MOBILE scaled pot cptina steg AK Giver % yelation [esdoblish p/n bly ACL MC 0st + |! : Poet ea ee | Ve je & yAdcie Le aN fo} S —— q oH Lz AGN Roma i van —Exe? Copeciy Thomas Pick: ay Lowder (School of 12 coTiers Ee ls NAME & ADDRESS - ey. ene fa © Tengen t eh sil Ah uill 26 ak © olp 0, “e SO, will] will | represent _| e a ep _| \ pesnct — Measuvot Ore rd) 2 m (Zen) Ye follevd tet Fig tan O2 = - OtanO2 = tarde 2, at |As@2 cial dia > G6@ , nos =m LO a | } 1 i Hed< temo) f —] Use cabulas if obo ot “¥ou_are oul at Ik atleastome aot _ MOBILE a a cI 1 Cowes inflation pyes UU re » wWhskGge of eSqUsces use : capaci ¥y : ; “unemployment ‘of _ldbour, tan j capita! Li in creating poke | . A Al-2l- > Sle Br Pe ee (___ Stiategic_ excess copa Bee econ | Bras oy Pies Le ere farsa A Te CE |e r|pecs Nanna Core € a OS Se Esher, THANE AO Costes J a eae CF) ex —__ er LAG te LAG dye 20 extanal cconmies of |S cqle. oc OH, |on @-————snl. | — pee ae eT | pe [ Hite | pela lee | ee | + 4 _ |__|" ane, pe | eee a Pee =arao MOBILE pe How to consul I &- 4-8-2: - @- @ Be).Wy Prices axe uniform , thee @¢ 7 condls mono sor price syn avg vev z \ouva 41 Woods 8. age tmpestect Comp> Prices axe Nok uniform, as ofe ot moe ot the conditions listrd for gifect comp ‘s/or mssing Ao va! xevy qvg %Y 4 marginal xe i) Revfect comb imp comb The Abc / mpc wr a oe | Yo aay SY! Cary te aveid 43 by The) Table Fee \ (Ae is mew when Tab\e mee 2 9) TR xfer to the overall silks otal vevenwe receipes received at _a_qieN level of Sales as Tpe ARK ® T see Meda) “The TR curve * Th TR CUI: te te UN -5 hoped Zs _Multi-slopeel be the Te cum gises continuo! the Tee cone vikes, peaks 4 Srna lineas manter falls z Teepq TR= ag “bgUh Ms | fg Jey. AR sefers to sakes receipts peccicd pot unit of 5) ase pli _ AR Th a @ ea) _ “The AR cme isthe ded owe aay ARs AE ice eR ae TR te i perce ARG = PO ABe e [ne At evsve fs Ul 40 quently athe AR CVC Is dwnnnd si og axis at th mkt detarmied Ehvoughart price pek (hee Kecost) meds Ete Masginal REV ug refers to addol sales receipes acceived by Se ling ! mer wit Mao WA Bn Tha- TRlo-t) | mee d(te) - 1p! 7 a(o)” | there curve Ih to quently The Ma cu § dhyragack Slopity; R avis at the mkt debnmiaf can be We, ov We site e "ai (heehee s4) a ne Kubert ans R= a-2—ymowress rn ae awn [_ 2 a Anh Mews ove te cae ie cloud Ue fe ee} Fone Dele deleind so the MRA AB nes te divergent — ‘ 4 Lrscughout iS ee when TR pears, MR=O i cae Explain %V_rtveals nature of the mkt al : he ew oituation uncut Pft compet st ion r L— loreteps We tf if K impht [gegeae ws 236-25 sdentity the type of mkt that this firm operates iN | sustits 1 | gag firm under imperfect comp, because The At func_is —vely slopecl C2) { | G_The price-_is not uniform fos lounits the price is 16, fey S units f f f ne _pdice is 26+ 7 Nen= @ Sine R= 364-24'=R ythe TR cupwe is HOt Vineas @ he _Mk func is B6-Ag % the AR FMR curs are divergetrt. Relationship. blo AR Me UPoot j 50-52) (ae they ane Noeas funcs) Stet: The Mb cusve bisects the1). : (Dzt m0 jext Shon 4-0 @ mRoo= ce: A a Eo = Won = A <4 —- Ate¢ -—_— poe ag ° en ao-2M=2° Paes a a = vowva eee Melo [ar=20 © Edp <2 MB: ° ae which Guad¥ant does the MR cuive Ne? in = Quod cinch vole of Mas m=I0 Sethe podrional placement of mR 4 AR «rciterotel 1 cdpz2 ‘the AR-MR posibioning is reiterate! since the Ak value (20) is > ne lio) = a \\\ J Ve | p236 “29 a 2 fo Tee 364. 24 i MRe36-4g ind val of the ofp when MR20_g=F AP'S 1B od Find price at Nich Funils ox oad Find edo wher quant old 641 Find eect Re tha this 162 Find value of Te when guar is ¥ LAY 1el-5 Find yale of TR when quant is 9:5 16h S 4 = TR—Te she necessary condition gies us ambiguity ae o (e-d=0) ass oiotifies 2 putt of = g-c2O n'LO MRemezO (R-c) SMR) sufficient conditioneune) Op ecM arma cede 1 pe in ETN Cea icaly A components sacle Supphy chain _has basi (1) Pad Poke spampston, Brok-even obj: PEE Comp CTo'sl beth) Crots\_merrea | Rev COS a ©, @2 >Q2O2 Bers.) of rechine 4 Gi =Po = Ye =-tan 4. BrOO, [Pa ss eeu ae AEN OF srt paotie V(x Profit): RE MO, «2 ty © (8.003)Miwrebs q oar ae vouva | Prove bot prices undes pf comp are woilomn Jor any op (no Need to draw _Te_cusve - ei ger cot - — | +8 te 4 | Ey aT a . E y Fy Ag 7 ; ay _| — 71 OF j LAX | 1 — | “ a 1 T ~ : 1 — 7 ; es ' t = > oe a 1 — eet a : —~ ~ N Koo 4 i @. e o, %& & aty Paoli Mosimizs tion break-even oby = mpft comperition (Total Method) vl ae Reven first the 0/p produed is O@ (nis 0); the This Bom i ZARiz Boo =P, = tanZ Bo0Q. 0 15 Or the Te is B2 We We Geven TE -the op produced 0, NP3= Ba@2 = 3 = tan LB200> oor « | Sinee_ MLB0G0 Quantity fos _almax Price Charged by he «Bis > fa > fs Oy DK. from abo 2 stmts the Fon Sales moh Te rut be_ma, mL ps0@s it follows Pi>Ps is O17 valu of & max)» RC= MM a loax) finm = AR =f2=ROrt ban 280% 00, low_of demand is poem (POs)___| the peak of TR occu jn te BMC jusisd iction) fellow sop, ___+ | Fer saks mox,the op is O@ 4 the 7 ~ fermenter) (e015) ako) i bs max frm = PO =o R20): The_psite charger) by 2% Ps. Sendo total POX is the hic 7, yoys 4 tu 2 af > | Given this Finmdal states, this sos mat firm enjoys 9 Ave 7 of pyl> | ic possible vata sales mat fom oul] bea brakeven FM why | will be Ro, 5 case x20 4 price © | rx is alse possible eb tte pls nox fen could seh a lots uh aftes b-ewn: welfax Fim Rai Iwan ‘BY ea) |_cemently BEST buses of yond sours max with @ Soss” io pee comp: Sals max is not compatible (workable) hj beesuss he TA te Ineay w/o a pealt \. amex 4 Sales max — ) pot Commercial _contentmen® a AeA- A Availabi li a pM wailabi lity , Accessabilits Mfordabi ty t ©.(O| cose fune_is 16 =0 Ob4G? 24+ 000 & the avg 7eV Func ts le. p=4so-Az@ (18 me) Do as divs : Create oe \ SdepBely the other eV tun a ‘pistiee QR 24500-4Q* [ = mp2 R= 450-80 [an me Vines] = gs Cotte the okh~ cost func | _ - Oat ce 5, kC 20: 04@ -204°@_ | « MC= 0-01 -20° pos 3+ Find ‘a’ func tag = TR-TC 2 500240, ar eee oe = +0-0049 = 4044900 —\coo aeraee ——Fr eo a | Ta Cael — 4 | a a | —_—_—~—_- . iz 54:32units Oa 27420 urs |g. Fine Pe la “this fism 18 [afin abe ofp when Amex psinciple is useel a 1 =O X | = "samo 0-02” =g0 4470 os oz Gance_quane cannes be “ve we discord Oe Lo + pmai the gust > S432 ei eB aad the sags of A when Amey princip leis used Fi PEEP Cr CO IES rind the Nee psohit of ths firm ORs 0-22x((20 66) - 0-02 (/20 baseel ON equity it decides bo distsibule 25% of neb profit a5 Gav thee ene _[lalch share _holdews find div vecev by ecch sharthelde ~ o£ a6 )2 ues — 0.023 cind the olp at whith eoles is max (mp0) 56-25 anit? at which sobs max firm sels 225 Rs ae ger lt price lor |!!! profits status of gales mar fiam 12069 33 RF L T i OF pices at which bieven fits sell E04) 4428s Batts 3 Age AU EO optimum _o/p of this tixm "pez O L “ 0: 008@ - 1006 =O a a So @'= \000K1000 100 PB units g 2 20 =430599 ne |! least cost of the fim lo 85 430 =4@ a Prow that when AC is at minins AC FMC= both pors (MCmein prt S° _ Th the fitn produces 3t units whtt is exsers capacity of the fl%™ Banits ~ 6. Find edp at psice 20 20 20 -4e. y 2o+4\0 430 0-046 ere soci acinter J Nowmal ptofire albihey word fut Beven AC= AR 1 \O¥AC= ARX@ 7c=TRFeet depost® no Inertst Ner prodit Scared cuserent gccaunt defeciet supetnowe) pro tit ot 4 a ES | deficiet y asian cap ace oe yan ea Ose Sous ; | sunset commodities suv Tonos mide conrad shut dewn et) yvbdown? “Ke | Loss -meting fisms que both (cont ys) We Appts oy 5 Cegression , cleme pi} / cost xt, proc) cosh ev, pst} 4 | Patt Ob; of the fem Opsfi Mas _Sks mer —————_ ™ e! =a re > ace amphi. corp mice MR — E\ €2 id i. Exo -_ Necessaty om iy Sby ey sutf cond —~ PL may Texel methool PP comp, Tpit Cop tes max ene at slide \S | -Ly pes_pf priciNg | 1 | Numer Pals aie eert PAL Comp aiid 45,6 G27 5 1060), Il, wh step pred ry [5 6 I) entry of frms eyit of thas 1 % Any type of psicing Psicing unded 5 , 4 impFt comp (PC rot lege cost mk cut = Least cost KC e5@3(opt pricing) be@e= aiginal | pricing Teast icy” ROAREOS > Avy Cost Poverty gull cost Pricing = Baeakeve pscces = ry : Ra@a : awe 00 ENA ™ Rada 0) . a G4: Sqles_max fA\ Posen. ae ova - a ae pie Monopelisiic comp J ckserile Pertuy = |_Monos Vistic Competiten (fertues lam rnp ehples )= Essay = | sa. is “hat mice _shuation that combines th features of ¢ menopol | ke fixm with pf: comp » “The monopolistic tendency emerges from [we bond value_of he goccl + the competitive aspecr emesges from 1 fack that there i : he fact tha aot_many produces etabing Pods that con srtisty — \\\ \}\\\ pre Same want - = <_ following axe the teqgturs of monopolistic competition |__(@) “he co llecbive aspect ene a4 ice 0: of Il is usually b/w 20 to 10 5 ZL This no: can fe described as quite a Inge no- pf se lors: ix Chambeslin prefetS to ug Be er” group renee dur thy no: of ply pialens X bang axdremely Jorge. ii Boat” players at idhesdepeanckot on ech oth je the arategie + one _player fo counted by the strategies of tne other pla yess ive Th pla os indulge in dft okt of be fitm 4 Sp thy fave ditt pacing Stsabeaie @ Te _commality featwe i : si nhyse firms piodue simila but diftesietrd padlctS simi las fers to the functionalit?, ditlerenbials come fiom the |__| — mates yy Cosmetics He Since he functionalit les are the sam each firn he -to compete With each otk 10 capbre mkt sizes: py omosional expend tans” gu mandatory for such 1295 to srvie 422. Se ling cost has two impacts ° = aeae fies demand pe Eh Tee (irike) the price clue to selling cost bang o expendi ivethe firms indulge in two diff ryps ot compethiv shat es ao Paice comp 7 prite_ctting avrateses (Price war , Prebrtory = an ies pa Sigh pertles oF 2 Sepa wot iipig Aco Bo Quality enhencem ent <=" ay Fe .[EY cay dlemanel Cuxves= : nbets BIO = |e enamel pa of te [sap 7 ge oll 2) Cubjective_aem chive _lemane nd CunVe ——— a Cndivice| dered me | __3e is alse ia aes | ag the aspisatiota ge nonmiain (a pie . 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Ee CAVE) = ara Lp ei pocwent his from hep ning ebro law oe allow th. firm +e monepPo A_dlom fiom is ene = - F ie (Deep pkesed Gimme with which “they con Coots —finan cle lio ag 4 Yoses I new business . = © Ase! wwy ov able Eo create entry bess ies ae pre perky FightS) pred atun paicing, bech migzetin -€ hey pa <¥P @ rey ot able te seustoia_th feeding sf lowge kt cies 30 tJ. + of the -e-be| mkt @ trey con operate like cart prices Neades gM the time frrte Wee tim | (F Gomwouch franchisee) 4 be te wy (FP yp of S) Twacking pf a product Ccommedity ) D when pred entes Wuman el @ high end £ low end “fse™ Class pool to mass peed) QO Psoduc nasvative (steps peck change Step clagram op) ization acions (mow 4 moe _materiols.) + cup 4 caucey (some Gre not popularized) ~ @_Corsun ptsen ations MKting techniques selling cost indulged by Lhe di9 bo TP mks sha w-ding the abil 4 Zz willing Ao buy tre Poeel~ The lem acpaaphies of te Mt Com study dom fiems A smalks ~fitms how small fie swavivey Recommend tionS baseel o a fees nA polities 40 ens eg! in eh kk eg alemes = Sp ——inbess Pao eT onel al) "Cae of pa wuwress pdt @ pela menezes Gna com MSY DYNO OF Maren Page na: vyouva, oe | | A x _4 Matks: \2_ lessons MLessons leant because of the course intellecwal Append Hf