CS 15 Comparing the Markets

CS 15 Comparing the Markets - Normal Profits Dead Weight...

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Class Supplement # 15 COMPARING THE MARKETS IN L-R EQUILIBRIUM Monop. Perfect Oligopoly Comp'n Monopoly Comp'n Number of Sellers Barriers to Entry? Product is: Pr-Taker/Searcher Profit Max. Rule Shut-Down Rule Monopoly Power? Economic Profits
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Unformatted text preview: Normal Profits Dead Weight Loss Allocatvly Efficient ? (P = MC ?) Pdctvly Efficient? (Q @ ATCmin?) Use Least Cost Method of Pdn? Consumers (Pr-Takers/Searcher) Interdependence among firms?...
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This note was uploaded on 02/13/2012 for the course ECON 202 taught by Professor Brightwell during the Spring '08 term at Texas A&M.

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