Firm Behavior and Market Structure
25-35% of the AP Test
Click on the links below the video to see where MR=MC occurs in DIFFERENT market structures.
Profit maximization
Short-run supply and shutdown decision
Behavior of firms and markets in the short run and in the long run
Efficiency and perfect competition
Product differentiation and role of advertising
Profit maximization
Short-run and long-run equilibrium
Excess capacity and inefficiency
