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