Running a module

Question

How can we run a Module in an industry?

Answer 1

Running the Module: As this is a firm in a purely competitive market, the firm has no power over, or influence on, the price. The only judgment the owner of the firm has to make is how much to generate. Though, previously you take over as manager of the firm, you can place the price in the market, or industry. Once the price is established, you place the firm’s output and the outcomes become available. The outcomes screen exhibits the market price, the firm’s average total cost, average variable cost, profit margin, marginal cost, net profit, and the equity.