Экономические убытки при монополии от Carden Madzokere, экономика TDBS

Rules 101 1) Profit Maximising Rule MC and MR are used to determine Profit Maximisation. Profit is maximised at a point where MC is equal to MR. 2) Profit or Loss AR and AC are used to determine whether a firm makes Economic Profit, Economic Loss or Normal Profit. Economic Profit: AR is greater than AC Economic Loss: AR is less than AC Normal Profit: AR = AC 3) Shut Down Rule AR, AVC and MC are used to determine whether a firm should shut down or continue. Shut down if: AR is less or equal to AVC or at any point on the MC below the AVC. Continue if: AR is greater than AVC or at any point on the MC above the AVC