THEME 3 GRAPHS Flashcards
1
Q
(Perfect competition) short run supernormal profit
A
2
Q
(Perfect competition) short run loss minimisation
A
3
Q
(Perfect competition) long run equilibrium
A
4
Q
(Monopoly) supernormal profit
A
5
Q
(Monopoly) price discrimination
A
6
Q
(Oligopoly) kink demand curve
A
7
Q
(Oligopoly) oligopolistic long run average cost curve
A
8
Q
(Monopolistic competition) short run profit maximisation for monopolistic competition - monopoly diagram
A
9
Q
(Monopolistic competition) long run normal profit
A
10
Q
(Monopolistic competition) short run loss
A
