This preview shows page 1. Sign up to view the full content.
Unformatted text preview: vi. Shutdown Chapter 9: Long Run Costs and Output decisions. i. Exit ii. Returns to Scale iii. Long Run supply curve iv. Entry/Exit Chapter 12: General Equilibrium and the Efficiency of Perfect Competition i. Pareto efficient allocations (definition) ii. Consumer Surplus and Producer Surplus iii. Perfectly competitive markets are efficient iv. Market failures Chapter 13: Monopoly and Anti-Trust policy i. Sources of Monopoly ii. Monopolies revenue (marginal revenue in particular) iii. Profit maximization iv. Social Costs v. Rent Seeking Behavior vi. Price Discrimination...
View Full Document
This note was uploaded on 03/18/2008 for the course ECON 304K taught by Professor Ledyard during the Spring '08 term at University of Texas at Austin.
- Spring '08