INDUSTRIAL ORGANIZATION

What Is Industrial Organization?

 Is a field of economics dealing
with the strategic behavior of
firms, regulatory policy, antitrust
 policy, and market competition.
It also applies the economic 
theory of price to industries. 
 What Is a Firm?
https://www.investopedia.com/terms/f/firm.asp
Understanding the Theory of Price
• The theory of price is an economic theory that
states that the price for any specific good or
service is based on the relationship between its
supply and demand.
• The optimal market price, or equilibrium, is the
point at which the total number of items
available can be reasonably consumed by
potential customers.
 What is your takeaway?

A good and just price will

meet the consumers and
their preferences.