mgraphs - Q Q 0 = Q SD 0 = Q SD Out of Business O u t o f B...

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Marginal Approach : Pure Competition M a r g i n a l A p p r o a c h : Pure Monopoly $ $ Profit Max. Profit Max MC MC P Max A MR = AR = D Firm P Max A ATC ATC B B P = AR = D AVC AVC MR Q Q Q Max Q Max $ $ Break Even Break Even M C M C ATC ATC P BE MR = AR = D Firm AVC A V C P = A R = D MR Q Q Q BE Q BE $ $ Loss Min Loss Min M C M C ATC A ATC A P Min B AVC AVC P Min B MR = AR = D Firm P = AR = D MR Q Q Q Min Q Min $ $ Shut Down Shut Down M C M C A T C A T C AVC AVC P MR = AR = D Firm P = AR = D MR
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Unformatted text preview: Q Q 0 = Q SD 0 = Q SD Out of Business O u t o f B u s i n e s s P BE Marginal Approach : Pure Competition M a r g i n a l A p p r o a c h : Pure Monopoly $ $ Shut Down Shut Down M C M C A A T C A T C A AVC P SD B AVC B P SD MR = AR = D Firm P = AR = D MR Q Q Q SD Q SD In Business I n B u s i n e s s...
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This note was uploaded on 10/26/2009 for the course ECON 180-004-20 taught by Professor Bresnock during the Fall '09 term at UCLA.

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mgraphs - Q Q 0 = Q SD 0 = Q SD Out of Business O u t o f B...

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