micro mini review - MC = Change in TC / Change in Q D =...

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Elasticity – percent change in quantity / percent change in price Total cost = Fixed Cost – Variable Cost ATC = AFV + AVC
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Unformatted text preview: MC = Change in TC / Change in Q D = Change in Revenue (R) MC = MR Monopoly one producer Oligopoly Cartel 1...
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This note was uploaded on 05/07/2008 for the course THEO 1000c taught by Professor Okafor during the Spring '08 term at St. Johns Duplicate.

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