Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed.
PART 5  Firm Behavior and the Organization of Industry
Chapter 14 of 36  Firms In Competitive Markets
Section 1 of 24
…
Chapter 14 Topics
Firms In Competitive Markets – Introduction
What Is A Competitive Market?
The Revenue Of A Competitive Firm
Profit Maximization And The Competitive
Firm's Supply Curve
A Simple Example Of Profit Maximization
The Marginal-Cost Curve And The Firm's Supply Decision
The Firm's Short-Run Decision To Shut Down
Spilt Milk And Other Sunk Costs
Near-Empty Restaurants And Off-Season Miniature Golf
The Firm's Long-Run Decision To Exit Or Enter A Market
Measuring Profit In A Graph For The Competitive Firm
The Supply Curve In A Competitive Market
The Short Run: Market Supply With A Fixed Number Of Firms
Why Do Competitive Firms Stay In Business If They Make Zero Profit?
A Shift In Demand In The Short Run And Long Run
Why The Long-Run Supply Curve Might Slope Upward
Conclusion: Behind The Supply Curve
… …

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