File:Perfect competition in the short run (simple).svg
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Summary
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English: Diagram showing that it is possible that a firm in perfect competition makes an abnormal profit, if P > min(ATC). In the long run, however, only normal profits will be made, since P will equal min(ATC) exactly. |
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Original upload log
This image is a derivative work of the following images:
- File:Perfect_competition_in_the_short_run.png licensed with Cc-by-sa-3.0-migrated-with-disclaimers, GFDL-en, GFDL-user-en-with-disclaimers
- 2008-10-10T11:36:52Z Iroony 653x496 (10875 Bytes) {{Information |Description={{en|Diagram showing that it is possible that a firm in perfect competition makes an abnormal profit. However, the condition for long run AR=MR}} |Source=Transferred fr
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File history
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 11:13, 30 December 2010 | | 580 × 400 (3 KB) | Jarry1250 | On second thoughts, readd one label for consistency with other diagrams. |
| 11:07, 30 December 2010 |  | 580 × 400 (2 KB) | Jarry1250 | == {{int:filedesc}} == {{Information |Description={{en|Diagram showing that it is possible that a firm in perfect competition makes an abnormal profit, if P > min(ATC). In the long run |
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