https://gdpark.blog/tags/perfect-competition/Recent content in Perfect Competition on gdpark.blogHugoenThu, 21 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-42-perfectly-competitive-markets/Thu, 21 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-42-perfectly-competitive-markets/A casual breakdown of perfectly competitive markets — why we bother studying a model that doesn’t exist, plus a walkthrough of its four core assumptions.https://gdpark.blog/posts/microeconomics-43-short-run-supply-curve/Thu, 21 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-43-short-run-supply-curve/We derive the short-run supply curve in a perfectly competitive market — turns out it’s just the SMC curve above AVC, and here’s exactly why that matters.