1 / 30

Perfect Competition: Long Run Technical (Productive) Efficiency

Perfect Competition: Long Run Technical (Productive) Efficiency. COST. ATC. PRICE. AVC. MC. ATC. 1 FIRM. AVC. MC. OUTPUT. MARKET. PRICE. S. PRICE. D. QUANTITY. COST. ATC. AVC. MC. ATC. PRICE. 1 FIRM. AVC. MC. OUTPUT. MARKET. PRICE. S. PRICE. D. QUANTITY. COST.

amma
Download Presentation

Perfect Competition: Long Run Technical (Productive) Efficiency

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Perfect Competition: Long Run Technical (Productive) Efficiency

  2. COST ATC PRICE AVC MC ATC 1 FIRM AVC MC OUTPUT MARKET PRICE S PRICE D QUANTITY

  3. COST ATC AVC MC ATC PRICE 1 FIRM AVC MC OUTPUT MARKET PRICE S PRICE D QUANTITY

  4. COST ATC AVC MC ATC 1 FIRM PRICE AVC MC OUTPUT MARKET PRICE PRICE D QUANTITY

  5. COST ATC AVC MC ATC 1 FIRM PRICE AVC MC OUTPUT MARKET PRICE PRICE D QUANTITY

  6. COST ATC AVC MC ATC 1 FIRM PRICE AVC NORMAL PROFITS MC OUTPUT MARKET PRICE PRICE D QUANTITY

  7. COST ATC AVC MC ATC 1 FIRM PRICE AVC MC OUTPUT MARKET PRICE PRICE D QUANTITY

  8. COST ATC MC AVC PRICE AVC OUTPUT

  9. COST ATC MC AVC PRICE AVC PLANT OUTPUT CAPACITY

  10. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 PRICE ATC3 P.S.4 P.S.5 ATC5 ATC4 ATC6 OUTPUT

  11. PLANT SIZE 1 COST ATC MC AVC PRICE AVC OUTPUT PLANT CAPACITY

  12. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 PRICE ATC3 P.S.4 P.S.5 ATC5 ATC4 ATC6 OUTPUT

  13. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 PRICE ATC3 P.S.4 P.S.5 ATC5 ATC4 ATC6 HOW ARE FIRMS IN THESE PLANT SIZES DOING? OUTPUT

  14. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 ATC3 PRICE P.S.4 P.S.5 ATC5 ATC4 ATC6 OUTPUT

  15. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 ATC3 P.S.4 P.S.5 PRICE ATC5 ATC4 ATC6 OUTPUT

  16. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 ATC3 P.S.4 P.S.5 ATC5 ATC4 PRICE ATC6 OUTPUT

  17. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 ATC3 P.S.4 P.S.5 ATC5 ATC4 ATC6 PRICE OUTPUT

  18. Constant Cost Industry MARKET S PRICE D QUANTITY

  19. Constant Cost Industry MARKET S PRICE D QUANTITY

  20. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 ATC3 P.S.4 P.S.5 ATC5 ATC4 ATC6 PRICE OUTPUT

  21. Constant Cost Industry MARKET S PRICE D QUANTITY

  22. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 ATC3 P.S.4 P.S.5 ATC5 ATC4 ATC6 PRICE OUTPUT

  23. Constant Cost Industry MARKET S Long Run Supply PRICE D QUANTITY

  24. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 ATC3 P.S.4 P.S.5 ATC5 ATC4 ATC6 PRICE OUTPUT

  25. Increasing Cost Industry MARKET S PRICE D QUANTITY

  26. Increasing Cost Industry MARKET S PRICE D QUANTITY

  27. COSTS P.S.1 P.S.7 ATC1 ATC7 P.S.2 LRAC ATC2 P.S.3 ATC3 P.S.4 P.S.5 ATC5 ATC4 ATC6 PRICE OUTPUT

  28. Increasing Cost Industry MARKET S PRICE D QUANTITY

  29. P.S.7 P.S.1 COSTS ATC7 P.S.2 ATC1 ATC2 P.S.3 LRAC ATC3 P.S.4 P.S.5 ATC5 ATC4 ATC6 PRICE OUTPUT

  30. Increasing Cost Industry MARKET S Long Run Supply PRICE D QUANTITY

More Related