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Different Types of Market Structures

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Presentation on theme: "Different Types of Market Structures"— Presentation transcript:

1 Different Types of Market Structures
Visual 3.1

2 Marginal Product and Marginal Cost
Visual 3.2

3 Total Fixed, Total Variable, and Total Costs
Visual 3.3

4 Average Fixed, Average Variable and Average Costs
Visual 3.4

5 The Perfectly Competitive Firm and Industry in Short-Run Equilibrium
Visual 3.5

6 Profit, Loss and Shutdown
Visual 3.6

7 The Perfectly Competitive Firm in Long-Run Equilibrium
Visual 3.7

8 How an Increase in Demand Changes Long-Run Equilibrium for the Firm and Industry
Visual 3.8

9 How a Decrease in Demand Changes Long-Run Equilibrium for the Firm and Industry
Visual 3.9

10 Price and Marginal Revenue for a Monopolist
Visual 3.10

11 The Profit-Maximizing Position of a Monopoly
Visual 3.11

12 Short-Run and Long-Run Equilibrium for a Monopolistic Competitor
Short-Run Profits Short-Run Losses Long-Run Equilibrium Visual 3.13

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