You need to log-in or subscribe in order to use Student access.

Unit 2.11(1) Market power - Theory of production and costs (HL)

The costs of production faced by producers in the economy have a very important influence over the supply decisions they make. Along with consumer demand, costs are crucial in determining price and output in all markets. The theory of costs underpins the theory of supply covered in Unit 2.2.

To access the entire contents of this site, you need to log in or subscribe to it.

Alternatively, you can request a one month free trial.