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Unformatted text preview: Perfectly Competition Graphs Maximum profit Break Even Price Shut Down Price MC=MR=Demand curve Marginal Cost = Marginal Revenue = Price Marginal Cost = Avg Total Cost Marginal Cost = Avg Variable Cost Monopoly Graphs Maximize profit Avg Cost Curve below Demand curve Demand above Marginal Revenue Marginal Cost = Marginal Revenue Monopolistic Competition Graphs Maximize profit Demand curve intersects Avg Cost Curve on the negative slope Demand Above Marginal Revenue Marginal revenue is less than price Marginal Cost = Marginal Revenue...
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- Spring '09