The Economics of Imperfect Competition

abnormal profits amount of capital analysis assumption average cost curve average curve average net productivity average revenue Chapter commodity competitive industry competitive output concave convex cost including rent curve for labour D₂ demand for labour demand price economies of large-scale efficiency units elasticity of demand elasticity of substitution elasticity of supply entrepreneur equal to marginal excluding rent exploitation factors of production fall ginal given number greater imperfect increase in output individual demand curves individual firm intensive marginal large-scale industry less elastic marginal cost curve marginal curve marginal net productivity marginal physical product marginal productivity marginal revenue curve marginal utility monopoly output monopsony natural units normal profits number of firms optimum perfect competition point of view possible price discrimination productivity curve productivity of labour proportions reduced rise scarce factor seller simple monopoly slope straight line supply curve supply of labour supply price tangent unit of control wage