diagrams for jan econ mock
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Last updated 11:43 AM on 1/15/25
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21 Terms
1
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price instability
2
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lorenz curve
3
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ATC, AVC, AFC
4
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MC, AC, AVC (break even, shutdown, costs covered)
5
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economies of scale
6
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returns to scale
7
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scallop curve
8
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total revenue
9
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revenue curves
10
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perfect competition - short term loss incurred
11
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productive efficiency
12
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allocative efficiency
13
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x efficiency
14
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dynamic efficiency
15
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pareto efficiency
16
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monopolistic competition - short run abnormal profits
17
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long run monopolistic competition
18
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long run monopoly
19
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price discrimination
20
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kinked demand curve
21
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