Objective
Teachers will be able to:
- Model the perfect, competitive firm.
- Discuss long and short term risk and success.
Standards
Concepts
In this personal finance and economics webinar, teachers will understand concepts of market power and business planning.
Description
Teachers will learn how to present all the cost curves for a perfect competitive firm and relate it to the market place. They will also learn how to draw this firm in terms of profit, loss and long run.