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About 4 results
  • 3.7: Consumption Decisions in the Short Run and the Long Run
    https://socialsci.libretexts.org/Bookshelves/Economics/Managerial_Economics_Principles_(LibreTexts)/03%3A_Demand_and_Pricing/3.07%3A_Consumption_Decisions_in_the_Short_Run_and_the_Long_Run
    Economists distinguish short-run decisions from long-run decisions. A consumer decision is considered short run when her consumption will occur soon enough to be constrained by existing household asse...Economists distinguish short-run decisions from long-run decisions. A consumer decision is considered short run when her consumption will occur soon enough to be constrained by existing household assets, personal commitments, and know-how. Given sufficient time to remove these constraints, the consumer can change her consumption patterns and make additional improvements in the utility of consumption.
  • 10.3: Long-Run Outcomes
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/10%3A_Competitive_Markets/10.3%3A_Long-Run_Outcomes
    The long-run supply curve in a perfectly competitive market has three parts; a downward sloping curve, a flat portion, and an upwards sloping curve.
  • 24.4: Aggregate Supply
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/24%3A_Aggregate_Demand_and_Supply/24.4%3A_Aggregate_Supply
    Aggregate supply is the total supply of goods and services that firms in a national economy plan to sell during a specific time period.
  • 12.1: Monopolistic Competition
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/12%3A_Monopolistic_Competition/12.1%3A_Monopolistic_Competition
    Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another.

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