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Unit 10: Market Structure – Perfect Competition
Notes
Figure 10.5
P
SMC
SATC
Price & Cost P E d=P=MR
A
B
Q
0
X e Output
Figure 10.6
P
SATC
SMC
Price & Cost F C
P d=P=MR
e
Q
0
X e Output
Figure 10.7
P
SMC
Price & Cost SATC
P W SAVC
W
AFC
Q
0
X W Output
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