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Unformatted text preview: aggregate Profit Maximization everyone is assumed to do this Profit Function- Revenue Costs Profit = Revenue C(Q) Profit= [P(Q)-Q]-C(Q) Formally deriving supply Solving Equation (SR-PC)- short run perfect competition -Supply-AS-AD-P-Q-QW-Quasi-Profits-CS-PS-W...
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This note was uploaded on 03/01/2011 for the course ECON 220:341 taught by Professor Vassallo during the Fall '09 term at Rutgers.
- Fall '09
- Perfect Competition