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Upward sloping mc curve - PowerPoint PPT Presentation

Why monopoly is not good for consumers or the economy

Why monopoly is not good for consumers or the economy. For the analysis, the demand curve remains the same: typical downward sloping. Supply curve for a monopolist in the short run is the upward sloping MC curve. But what would be the supply curve in the long run?

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259 views • 12 slides

Why monopoly is not good for consumers or the economy

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313 views • 12 slides

Practice Free Response

Practice Free Response. Answer Key. a). QTY TC MC ATC AVC TVC. ATC. S. 1. B. $9. $9. $6. A. D. 2. D. 1. Q. Q. 2. 1. Profit. 1- Firm. Market. MC. Price. Price. B. MR 2 = D 2. ______________. AVC. = D. MR. A.

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112 views • 4 slides

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Upward sloping mc curve - PowerPoint PPT Presentation

Why monopoly is not good for consumers or the economy

Why monopoly is not good for consumers or the economy

Practice Free Response