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theme 3-econplusdal
> Long run costs and returns to scale > Flashcards
Long run costs and returns to scale Flashcards
Study These Flashcards
theme 3-econplusdal
(7 decks)
Long run costs and returns to scale
Economies of Scale and diseconomies of scale
average and marginal revenue
Revenue curves- A and MR in perfect and imperfect competition
Objectives of firms-profit max, rev max, sales max, satisficing
Profit, Supernormal and Subnormal
Barriers to entry/exit
