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  1. Home
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  3. Perfect competition

Perfect competition

OpenStax OpenStax
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Introduction to perfect competition
Perfect competition and why it matters
How perfectly competitive firms make output decisions
1   Determining the highest profit by comparing total revenue and total
2   Comparing marginal revenue and marginal costs
3   Profits and losses with the average cost curve
4   The shutdown point
5   Short-run outcomes for perfectly competitive firms
6   Marginal cost and the firm’s supply curve
7   Key concepts and summary
8   Problems
Entry and exit decisions in the long run
Efficiency in perfectly competitive markets

Source:  OpenStax, Microeconomics. OpenStax CNX. Aug 03, 2014 Download for free at http://legacy.cnx.org/content/col11627/1.10
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