In this course you will examine the model of perfect competition and how it can be used to make business decisions. You will utilize this model of perfect competition to analyze both the short-run and long-run equilibriums and the impacts they can have on your organization. You will explore how firms have access to a multitude of specialized input that are limited and how those can be exploited for the benefit of your organization. Lastly, you will analyze two significant questions: Who in particular will reap the rewards when there are profits? And how large will the profits be? Finally, you will complete a graded project in which you draw relevant conclusions related to perfect competition and your firm.

These courses are required to be completed prior to starting this course:

  • Examining Scarcity and Opportunity Cost
  • Analyzing Price and Equilibrium
  • Conducting Market Analysis and Predicting Price
 

How It Works

Course Length
2 weeks
Effort
3 to 5 hours of study per week
Format
100% online, instructor-led
  • New, emerging, and experienced leaders
  • Individuals seeking to expand their business management skills
  • Consultants
  • Analysts and researchers
  • Entrepreneurs
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