diagrams for jan econ mock

development + market structures

price instability

lorenz curve

ATC, AVC, AFC

MC, AC, AVC (break even, shutdown, costs covered)

economies of scale

returns to scale

scallop curve

total revenue

revenue curves

perfect competition - short term loss incurred

productive efficiency

allocative efficiency

x efficiency

dynamic efficiency

pareto efficiency

monopolistic competition - short run abnormal profits

long run monopolistic competition

long run monopoly

price discrimination

kinked demand curve