diagrams for jan econ mock

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development + market structures

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21 Terms

1
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price instability

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2
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lorenz curve

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3
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ATC, AVC, AFC

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4
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MC, AC, AVC (break even, shutdown, costs covered)

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5
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economies of scale

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returns to scale

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7
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scallop curve

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8
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total revenue

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9
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revenue curves

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10
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perfect competition - short term loss incurred

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11
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productive efficiency

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12
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allocative efficiency

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13
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x efficiency

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14
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dynamic efficiency

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15
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pareto efficiency

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16
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monopolistic competition - short run abnormal profits

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17
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long run monopolistic competition

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long run monopoly

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19
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price discrimination

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20
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kinked demand curve

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21
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