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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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This note was uploaded on 09/28/2010 for the course BUD 205 taught by Professor Smith during the Spring '09 term at N.C. State.
- Spring '09