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CMA1.A4.a. identify the defining characteristics of pure competition, monopoly, monopolistic competition, and oligopoly

CMA1.A4.b. differentiate the demand curve of an individual firm in a purely competitive market from the demand curve of the market itself

CMA1.A4.c. identify, calculate, and graphically represent average, total, and marginal revenue for a firm in a purely competitive market

CMA1.A4.d. identify and define the point of profit maximization for the purely competitive firm in the short-run

CMA1.A4.e. identify, calculate, and graphically represent average, total, and marginal cost for a firm in a purely competitive market

CMA1.A4.f. demonstrate an understanding of the short-run equilibrium price for the firm and for the industry in a purely competitive market

CMA1.A4.g. demonstrate an understanding of profit maximization in the long run for the purely competitive firm

CMA1.A4.h. identify, calculate, and graphically represent the demand, marginal revenue, and total revenue of a pure monopolist

CMA1.A4.i. determine the point of profit maximization for a monopolist

CMA1.A4.j. determine the economic consequences of monopoly

CMA1.A4.k. identify and graphically represent the demand curve for a monopolistically competitive firm

CMA1.A4.l. identify and define the point of profit maximization for a monopolistically competitive firm in the short run

CMA1.A4.m. explain the long-run profit for a monopolistically competitive firm

CMA1.A4.n. identify forms of non-price competition

CMA1.A4.o. demonstrate an understanding of the kinked demand curve of an oligopoly

CMA1.A4.p. predict the likely effects of boycotts and cartels on prices and output

CMA1.A4.q. demonstrate an understanding of the factors impacting a firm in an oligopoly

CMA1.A4.r. determine the impact of market structures on a firm

 

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Abdelhamid M

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