Need a 10 page report on the following chapters (minimum 2 pages per chapter)
Chapter 8
- General concepts in production and cost
- Relations between short-run costs and production
Chapter 11
- Characteristics of perfect competition
- Profit maximization in the short run
- Profit maximization in the long run
Chapter 12
- Measurement of market power
- Barriers to entry
- Implementing the profit–maximizing output and pricing decision
- Multiplant firms
Chapter 13
- Decision making when rivals make simultaneous decisions
- Strategy when rivals make sequential decisions
- Cooperation in repeated strategic decisions
Chapter 16
- Market competition and social economic efficiency
- Market failure and the case for government intervention
- Market power and public policy
- The problem of negative externality
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