SHORT ESSAY
TOPIC: FIRMS IN COMPETITIVE MARKETS
Group members: Dinh Thuy Ha
Tran Quang Huy
Vu Thi Phuong Thanh
Lecture: Nguyen Huu Thi Thuy Duong
Firstly, we should determine what is competitive market? There are three
characteristics: many buyers and many sellers in the market, the good offered by
the various sellers and firms can freely enter or exit the market. Buyers and sellers