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Activity 29

Activity 29. Intro to the long run P=ATC min. Short-Run and Long-Run Competitive Equilibrium. cost situation for each FIRM. MARKET Supply and Demand for Greebes. 1.75. 1.50. 1.25. 1.00. .75. .50. .25. 1. 2. 3. 4. 5. 6. 7. 8. 9. 1. 2. 3. 4. 5. 6. 7.

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Activity 29

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  1. Activity 29 Intro to the long run P=ATC min

  2. Short-Run and Long-Run Competitive Equilibrium cost situation for each FIRM MARKET Supply and Demand for Greebes 1.75 1.50 1.25 1.00 .75 .50 .25 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 QUANTITY thousands of Greebes per week QUANTITY millions of Greebes per week

  3. Short-Run and Long-Run Competitive Equilibrium (fig. 29.1) cost situation for each FIRM MARKET Supply and Demand for Greebes 1.75 1.50 MC 1.25 ATC 1.00 .75 AVC D .50 .25 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 QUANTITY thousands of Greebes per week QUANTITY millions of Greebes per week

  4. Short-Run and Long-Run Competitive Equilibrium (fig. 29.1) cost situation for each FIRM MARKET Supply and Demand for Greebes 1.75 S 1.50 MC 1.25 ATC 1.00 .75 AVC D .50 .25 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 QUANTITY thousands of Greebes per week QUANTITY millions of Greebes per week

  5. Short-Run and Long-Run Competitive Equilibrium (fig. 29.1) cost situation for each FIRM MARKET Supply and Demand for Greebes 1.75 S 1.50 MC 1.25 ATC 1.00 S1 .75 AVC D .50 .25 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 QUANTITY thousands of Greebes per week QUANTITY millions of Greebes per week

  6. Short-Run and Long-Run Competitive Equilibrium (fig. 29.2) cost situation for each FIRM MARKET Supply and Demand for Greebes 1.75 1.50 MC 1.25 ATC 1.00 .75 AVC .50 .25 D 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 QUANTITY thousands of Greebes per week QUANTITY millions of Greebes per week

  7. Short-Run and Long-Run Competitive Equilibrium (fig. 29.2) cost situation for each FIRM MARKET Supply and Demand for Greebes 1.75 S 1.50 MC 1.25 ATC 1.00 .75 AVC .50 .25 D 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 QUANTITY thousands of Greebes per week QUANTITY millions of Greebes per week

  8. Short-Run and Long-Run Competitive Equilibrium (fig. 29.2) cost situation for each FIRM MARKET Supply and Demand for Greebes 1.75 S1 S 1.50 MC 1.25 ATC 1.00 .75 AVC .50 .25 D 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 QUANTITY thousands of Greebes per week QUANTITY millions of Greebes per week

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