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Synthese Analyse Financiere > Perfect Competition > Flashcards

Perfect Competition Flashcards

1
Q

Short run shutdown point

A

Average revenue (AR) < variable cost (VC)
Si AR > AVR continue to operate

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2
Q

Long run shutdown point

A

AR < ATC

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3
Q

Breakeven point

A

AR = ATC
If AR >= ATC stay in the market in short and long run

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4
Q

Firm supply et market supply

A

P < AVC ; insuffisant pour couvrir fixed et variable cost

AVC <= P < ATC ; insuffisant pour couvrir fixed cost, et suffisant pour variable cost

P > ATC ; tous le couts couverts, profit positif

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5
Q

Short run profit to a firm

A

Maximize: MC = MR = P
0 profit: ATC = P
Perte: ATC > P

Profit economic = TR - opportunity cost of production

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Synthese Analyse Financiere (11 decks)

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