This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: information firm’s demand ( δ ) market demand (D) CONDUCT behavioral assumption and implication short-run profit long-run profit PERFORMANCE allocative efficiency? (NSS maximized?) productive efficiency? (firm at min of lratc?) Is p =? >? <? mc COMMENTS...
View Full Document
This note was uploaded on 10/29/2009 for the course ECON 3130 taught by Professor Masson during the Fall '06 term at Cornell.
- Fall '06
- Perfect Competition