Imperfect information
EconExperiments
- Perfect Information
<<This experiment is contributed
by Ms Pui-wah TANG of the Christian Alliance S. C. Chan Memorial College.>>
| Discussion forum--- Please leave your valuable comments or questions here! | |||
| Concepts & Keywords Illustrated: | |||
|
|
Perfect competition | ||
|
|
Perfect information | ||
|
|
Imperfect information |
||
|
|
Normal profit | ||
| Brief description: | |||
|
|
To illustrate how firms react differently under imperfect and perfect information. As a result of perfect information in perfect competition, firms earn normal profit in the long run. | ||
Teaching Materials:
| Teaching Materials |
Format
|
|
|
||
|
||
|
||
|
||
|
||