File:Competitive market.jpg
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Size of this preview: 793 × 599 pixels. Other resolutions: 318 × 240 pixels | 635 × 480 pixels | 971 × 734 pixels.
Original file (971 × 734 pixels, file size: 315 KB, MIME type: image/jpeg)
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This is a file from the Wikimedia Commons |
Summary
| Description |
English: A graph to illustrate that in a perfect competitive market for information goods, when the price is almost equal to the marginal cost,which is usually a constant for information goods, there is only net lost but no profit. When the average cost curve flattens out and do not cross with the marginal cost line, Minimum Efficient Scale (MES) point does not exist. More than one firms could possibly survive if the demanding quantities are large enough and it is not a monopoly market any more. |
| Date | |
| Source | Own work |
| Author | Crazyjungle@wikibooks |
Licensing
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I, the copyright holder of this work, release this work into the public domain. This applies worldwide. In some countries this may not be legally possible; if so: I grant anyone the right to use this work for any purpose, without any conditions, unless such conditions are required by law. |
File history
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 07:26, 30 April 2012 | | 971 × 734 (315 KB) | Crazyjungle | {{Information |Description ={{en|1=A graph to illustrate that in a perfect competitive market for information goods, when the price is almost equal to the marginal cost,which is usually a constant for information goods, there is only net lost but no... |
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