Competitive firm operating in short-run equilibrium

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A) Sketch a perfectly competitive firm operating in short-run equilibrium but making economic losses. Put in all the functions necessary to show that the firm should stay in business in the short-run despite the losses. Shade in the area of loss shown by the drawing.

B) Show graphically why economists refer to single-price monopoly market structure as inefficient

Reference no: EM13830753

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