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Pure competition in the long run.
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Monopoly profit-maximizing price and output level.
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Creative Commmons License
Attribution: CC BY
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Chapter 3 - Demand and Supply - section 3.2
Creative Commmons License
Attribution-NonCommercial-NoDerivs: CC BY-NC-ND
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This is a one-minute video which explains how the Research and Development game works.
Creative Commmons License
Attribution-NonCommercial-NoDerivs: CC BY-NC-ND
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Perfect competition lecture
Creative Commmons License
Attribution: CC BY
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Costs, Production and Industry Structure - Average Costs and Marginal Costs
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Costs, Production and Industry Structure - Deriving the LRAC from the SRAC
Creative Commmons License
Attribution: CC BY
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Costs, Production and Industry Structure - Economies of Scale
Creative Commmons License
Attribution: CC BY
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Costs, Production and Industry Structure - Short Run Production Function with Fixed Capital
Creative Commmons License
Attribution: CC BY
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Costs, Production and Industry Structure - Technology and the Cost of Production
Creative Commmons License
Attribution: CC BY
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Perfect Competition - Maximizing Profits Using a Table of Data. Image from OpenStax.
Creative Commmons License
Attribution: CC BY
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Perfect Competition - Calculating MR from TR. Image provided by OpenStax.
Creative Commmons License
Attribution: CC BY
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