Depending on the competition and prices offered, a soybean farmer may choose to grow a different crop. (Credit: modification “Agronomist & Farmer Inspecting Weeds” by United Soybean Board/Flickr, CC BY 2.0) · CC BY 2.0 · Source出典
Figure 8.1図 8.1
Depending on the competition and prices offered, a soybean farmer may choose to grow a different crop. (Credit: modification “Agronomist & Farmer Inspecting Weeds” by United Soybean Board/Flickr, CC BY 2.0)
英語のヒント
競争と提示される価格に応じて、大豆農家は別の作物を栽培することを選ぶかもしれない。(クレジット:United Soybean Board/Flickrによる「Agronomist & Farmer Inspecting Weeds」を改変、CC BY 2.0)
Learning Objectives学習目標
Most businesses face two realities: no one is required to buy their products, and even customers who might want those products may buy from other businesses instead. Firms that operate in perfectly competitive markets face this reality. In this chapter, you will learn how such firms make decisions about how much to produce, how much profit they make, whether to stay in business or not, and many others. Industries differ from one another in terms of how many sellers there are in a specific market, how easy or difficult it is for a new firm to enter, and the type of products that they sell. Economists refer to this as an industry's market structure. In this chapter, we focus on perfect competition. However, in other chapters we will examine other industry types: Monopoly and Monopolistic Competition and Oligopoly.