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Unit 3: Microeconomics National Council on Economic Education Visual 3.1 Different Types of Market Structures.

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Presentation on theme: "Unit 3: Microeconomics National Council on Economic Education Visual 3.1 Different Types of Market Structures."— Presentation transcript:

1 Unit 3: Microeconomics National Council on Economic Education Visual 3.1 Different Types of Market Structures

2 Unit 3: Microeconomics National Council on Economic Education Visual 3.2 Marginal Product and Marginal Cost

3 Unit 3: Microeconomics National Council on Economic Education Visual 3.3 Total Fixed, Total Variable, and Total Costs

4 Unit 3: Microeconomics National Council on Economic Education Visual 3.4 Average Fixed, Average Variable and Average Costs

5 Unit 3: Microeconomics National Council on Economic Education Visual 3.5 The Perfectly Competitive Firm and Industry in Short-Run Equilibrium

6 Unit 3: Microeconomics National Council on Economic Education Visual 3.6 Profit, Loss and Shutdown

7 Unit 3: Microeconomics National Council on Economic Education Visual 3.7 The Perfectly Competitive Firm in Long-Run Equilibrium

8 Unit 3: Microeconomics National Council on Economic Education Visual 3.8 How an Increase in Demand Changes Long-Run Equilibrium for the Firm and Industry

9 Unit 3: Microeconomics National Council on Economic Education Visual 3.9 How a Decrease in Demand Changes Long- Run Equilibrium for the Firm and Industry

10 Unit 3: Microeconomics National Council on Economic Education Visual Price and Marginal Revenue for a Monopolist

11 Unit 3: Microeconomics National Council on Economic Education Visual The Profit-Maximizing Position of a Monopoly

12 Unit 3: Microeconomics National Council on Economic Education Visual Short-Run and Long-Run Equilibrium for a Monopolistic Competitor Short-Run Profits Short-Run Losses Long-Run Equilibrium


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