School: New Mexico State University
Professor: Christopher osuoha
Term: Fall 2016
Tags: Economics, surplus, consumersurplus, Consumer, DemandCurve, demand, curve, cosumerwillingness, producersurplus, producer, supplycurve, cost, price, Controls, pricecontrols, Priceceiling, Pricefloor, deadweighloss, quota, wedge, price-taking, marketshare, monopoly, oligopoly, and marketpower
Name: Economics. Perfect Competition, Price Controls and Market Structure
Description: In this document the concepts of consumer and producer surplus are going to be used to understand how buyers and sellers benefit form a competitive market and how big those benefits are. These concepts also play an important role in analyzing what happens when a competitive markets don’t work well or there is interference in the market.
Also it discuss perfect competition, price takers, monopoly,