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We have some great free study resource collections for A level Economics and IB Economics - click here www.tutor2u.net/economics/collections
At 06:30 the graph of the monopoly is incorrect as AR and MR curves meet at one point on Y axis - not anywhere else.
Isn't in tha market supply curve=average cost?
No the market supply curve is the horizontal sum of the marginal cost curves of firms in a market
We have some great free study resource collections for A level Economics and IB Economics - click here www.tutor2u.net/economics/collections
At 06:30 the graph of the monopoly is incorrect as AR and MR curves meet at one point on Y axis - not anywhere else.
Isn't in tha market supply curve=average cost?
No the market supply curve is the horizontal sum of the marginal cost curves of firms in a market