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Theory of the Firm
(HL Extensions)
Syllabus Coverage
2.11 Market failure—market power (HL only)
Unit Readings
Chapter Ten:
Rational Producer Behavior
Slide Show
Chapter Eleven:
Perfect Competition and Monopolistic Competition
Chapter Twelve:
Monopoly and Oligopolistic Competition
Google Doc: Make a Copy and use
Google Quiz
Calculating Cost Curves
Calculating Revenue, Costs, and Profits
Calculating costs and marginal product
ATC, AVC, AFC
Calculating Costs (all)
Revenue
Market Structures:
Brief Overview
Perfect Competition
Monopolistic Competition
Monopoly
Total, Average and marginal revenue for a firm with a downward sloping demand curve (monopolistic and monopoly).
Calculating Revenue
Downward Sloping Demand
Economies of Scale Explained
Economies of Scale
Good Explanation from Tutor2u
Oligopoly
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