LO1 Identify the conditions under which a firm
operates as perfectly competitive, monopolistically competitive, or a monopoly.
LO2 Identify sources of (and strategies for
obtaining) monopoly power.
LO3 Apply the marginal principle to determine
the profit-maximizing price and output.
LO4 Show the relationship between the elasticity of demand for a firm’s product and its
LO5 Explain how long-run adjustments impact
perfectly competitive, monopoly, and
monopolistically competitive firms; discuss
the ramifications of each of these market
structures on social welfare.
LO6 Decide whether a firm making short-run
losses should continue to operate or shut
down its operations.
LO7 Illustrate the relationship between marginal cost, a competitive firm’s short-run
supply curve, and the competitive industry supply; explain why supply curves do
not exist for firms that have market
LO8 Calculate the optimal output of a firm that
operates two plants and the optimal level
of advertising for a firm that enjoys market
The list is limitless. Research, term papers, dissertations, thesis, editing — all options are included. Even if you have a unique type of task, our writers are creative and meticulous enough, and they know how to take care of it. The following specific types of services are what our clients require most often.
You plan to apply to a college or a uni of your dreams and need a clever, engaging essay that’ll stand out? You’ll get it. It’s great if you have some specific ideas! They’ll be incorporated into the text. If you don’t, it’s not an issue. The writer will do an outstanding job anyway.
Choosing credible sources and proving why they’re relevant can be a long and tedious process. Our writers are ready to do it for you.
Do you want a concise and catchy speech? It’s not a problem. “Do my homework” is the request we are waiting for.
Our writers have excellent design skills. They’ll provide you with a vivid and insightful PowerPoint presentation interesting for professors and classmates.