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Average revenue ar tr - PowerPoint PPT Presentation

ECON

Micro. ECON. McEachern 2010-2011. 9. CHAPTER. Monopoly. Designed by Amy McGuire, B-books, Ltd. Barriers to Entry. Monopoly Sole supplier of a product with no close substitutes Barriers to entry Legal restrictions Economies of scale Control of essential resources. LO 1.

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TC, TVC, TFC

TC, TVC, TFC. TFC. 0. Q 1. Q 2. Q. ATC. MC. AVC. AFC. 0. Q. 10. MC. 9. ATC. 8. 7. AVC. 6. 5. 4. 3. 2. 1. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 10. MC. 9. ATC. 8. 7. AVC. 6. 5. 4. 3. 2. 1. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Profit Maximization:.

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Average revenue ar tr - PowerPoint PPT Presentation

ECON

TC, TVC, TFC