lecture 15

lecture 15 - No Entry or exit barriers No government price...

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Running a firm? What P? What Q? What is a “Perfectly Competiive” Market? Each firm faces very elastic demand curve… the Price Taker Firms have no control over price
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Unformatted text preview: No Entry or exit barriers No government price regulation Want to maximize profits? Then find out where MC=MR...
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This note was uploaded on 04/20/2008 for the course ECON 201 taught by Professor Williams during the Fall '08 term at UVA.

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