澳大利亚鸡蛋业是一个强大的，并且有弹性的行业组成的，专用和专业农民生产高品质的天然蛋白质主食产品，在澳大利亚和海外享受一些高度多样化的市场。在澳大利亚有三个主要生产系统所使用的鸡蛋生产商，
完全竞争：一个完全竞争的市场是一个假想的市场，竞争处于尽可能大的水平。新古典经济学家认为，完全竞争为消费者和社会产生最好的结果，。
Task 1 Firm Perspective & Market Structure 任务1 公司视角与市场结构
Industry Overview 行业概述
The Australian egg industry is a robust and resilient industry made up of dedicated and specialised farmers producing a high quality natural protein staple product for enjoyment by a number of highly varied markets both in Australia and overseas. There are three main production systems used by egg producers in Australia and these are:
Perfect Competition: A perfectly competitive market is a hypothetical market where competition is at its greatest possible level. Neo-classical economists argued that perfect competition would produce the best possible outcomes for consumers, and society.
Key Characteristics: Perfectly competitive markets exhibit the following characteristics;
There is perfect knowledge, with no information failure or time lags. Knowledge is freely available to all participants, which means that risk-taking is minimal and the role of the entrepreneur is limited.
Given that producers and consumers have perfect knowledge, it is assumed that they make rational decisions to maximise their self-interest – consumers look to maximise their utility, and producers look to maximise their profits.
There are no barriers to entry into or exit out of the market.
Firms produce homogeneous, identical, units of output that are not branded.
Each unit of input, such as units of labour, are also homogeneous.
No single firm can influence the market price, or market conditions. The single firm is said to be a price taker, taking its price from the whole industry.
There are a very large numbers of firms in the market.
There is no need for government regulation, except to make markets more competitive.
There are assumed to be no externalities, which is no external costs or benefits.
Firms can only make normal profits in the long run, but they can make abnormal profits in short run.
Task 2 Long run Equilibrium in Perfect Competition 任务2 完全竞争中的长期均衡
In the long run firms are attracted into the industry if the incumbent firms are making supernormal profits. This is because there are no barriers to entry and because there is perfect knowledge. The effect of this entry into the industry is to shift the industry supply curve to the right, which drives down price until the point where all super-normal profits are exhausted. If firms are making losses, they will leave the market as there are no exit barriers, and this will shift the industry supply to the left, which raises price and enables those left in the market to derive normal profits.
Price Costs & Revenue
The super-normal profit derived by the firm in the short run acts as an incentive for new firms to enter the market, which increases industry supply and market price falls for all firms until only normal profit is made.
Task 3 Australia’s Demand & Supply of Eggs
The main market for eggs produced in Australia is the domestic shell egg market. This market accounts for around 80–85 per cent of all eggs consumed. Most shell eggs are sold through retail chains. The remaining eggs are processed and sold either domestically, primarily to the food service sector, or exported. Egg products include egg pulp, liquid white, liquid yolk, dried egg yolk, dried white, boiled eggs, peeled eggs, omelette mix and scrambled egg mix.
Change in Poultry Prices: 家禽价格的变化：
Part 2
Task 1 Macroeconomic Perspective 任务1 宏观经济视角
Like Venice in the lagoon, Italy's economy has been slowly sinking for a long time.Italy's debt ratio is the second worst in the euro zone, behin
