n Comlin Page

ate

THE conNOMICS E fNTL-TRUST

agect Cempahtin y 1/mefrky

2 ashas frálysa Mnehrly V_
3
skek prnves hnd rddnk detin2hbus

NoNOPO- lkice AND oreuT_DETERMINATON

a i mennapry
Ay de mamepiidk asika
H e maepa ehome e ,4
pA021 mazimipatian

WHT MonePeLY
pkedud Lhnt_clase sukubibu
Y Monoro6s eIsE
ha maiv canse , menopali2s- batass
hwy such kiat olkas md canuot
nken Ke markel

Acea Kaee maju Aontcas t bmieis

tm wns a Ky aL60uc
- DlE
t2mtnd C

pAeeuck Arod
Te 2atzuls, Copyaiqhtk
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Date

Makeb gadhse- arha ke domand doe

tmel Aupply inatziul ohubilbuheu
grdkandkessices,inateen maske
MasktMasb
prusceA haiusep030nce,
ack pyac iypimatnauymnahi
ckeuialEA Tho maskel Tnya.

Poeluckive iancy- watage ce i

AWrativebhuey-piite equals masginay

meyfiiend uae
rosyock Cnpokn Can adhera
pmuck=_Piedbuctie
Saland psice- allrhid tien
dal stiitucy

tosyecl ryhau
Ounet mutchng- Inperyecé
Compukiion
25)
eso lasues subskitutalkilaty
ZJMan, pdduct ik hameqenud- _mete chana
cena suoskihutak.
 Dat

|03/2 -

mmagondty w plachical Ljo Cmpet

la-nk. at ukshihebtla
Abatalabal Lensikud e aualyto
R_comyatfibu au ka maskeb V

lossec Lpetzzon_aclayalMMmumw

4skal susps
arumesusplus t Phaducts supluu

When hare denand-supply masket

7-RC ne
Lsdskage _st daadsciglP s1
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waa

sn S= Matinmum, nasket i qlenk -

aly pesdblo cden P=Me

han P>MC, maskeb projick_eaduezlt less

lers Ronmkunmesamd pteduue suspa

nenbhs_de at_mind lansle AMwues

Lmds

Mnmepny id ke snuse qmaskot_jasuse

becanse P>MC, aud i4 net ptadlkively

AC Ate
AC

AC=M
ACAC
M
AR
AC R

Ponnch
npehtr
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tefas/arz
ERFECToMPeTITION W. MonaPO-Y
Lsohy_campi Npiko
S=MC
Cansume
suiplus

D MB
Ptadursn
unphns rvfpuk
Qunnhby

P
MC

D= MB
Peduts
Suspu MR
Quauhry
 Camlinag
Dat

lnler
neler P
marginal caS7
CP=MCj
Commpehn
pite equals
Kangtfennmey nma pxa
(neenak Ppny-
nk te nly nos ms)
Csa ftea
Undes Twrpasyactcpolihin,
wUprc and uspE. ms dibemine
MC=MR
icmamsts ase nat concemeolcsih
kraxfe Casts mly
Mnply-seks
habs point ,bcaus MC =MR
|op 7n cnaumne susplis..
_eyac mpaiktn, i 4 ,
cmsimis uphus= Atgpc

Censmet skuplusS=
Cansuwni

h_nbyCcuised duadesabL
CssLesecaky
B-mly bansued aptducers

Redues susphs dzuun pompldt

- TRTC
lteuas susplus-wrt MC aud yRutu

Me salkzkealey-ibcsraina
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KET ONER
abrlay raie patas abre cpekkr
keep hm hes

pnesng ibnt b losfag al a

oL uskm A ase-market phses 0
Na ims Ta a maket - mes

P klmpeik _masket pawl

Mnepy Wgopely uepeak

CusM
askek s -pbrty h_conbe pice
aynd shmainbai piit/ustnin
he mask.
 CCanlinp
at

AD s3ms asL prstaing smo auaskt

Pasok uden npayut Cempokitaw -n.
dagseo hrasket pnse adzes
***
t d . kype masklt

nepat dka eusue(fR cusue,Ku hale

ptica

MC Mo

Haber dashciy , huen basqainu

maskek pmsen-olaskcihs
t
aused
arksshuuing _dlakiad
 CHilin
t

ACTRS AFFECTING, RKETuER

ashiy demand
raiaalil subshhubru
-Mpayrdy o subshhubes
meppae ampohhm- clae subshihkr
meto ubSAdabilay Ked box v
JAT bex
Puahalrd gend Avslabrlhy z rage
-

HtbekD pirähabath, aete slarthsl

demand.

deadeseighE su ia being_Csad-las

Cwpahkan lan puventa ashieal manejiely

by'muusing auailabiky q lse substibks
Tay pN megess aud acqusihas
adl r ceabsa malapely
nd igl matkek pnoel
 C lin ay
Dat

kERNERS npex

Kelneu ndar()=
kse P psezt Maxnmugng pite
-

C hm margindl best
J pakectt , {={

ide e dyesme behvan Paul

Ke gseaba Kyakue LLinder)
aler. auda, lnoes aalashechy
Kenes 4ndew alsa equal p iaápsotali
ko elaskalby dchuand
Maskot pe

Leneih Judex =

*****
 *****

THEORY CE NATURAL ONOPOL

a marku-
nahusal mape
(Lasge-4cale pserduchn hat has boan
hme
Aahsal hnnnrpsB nay be he mest
Ptiant ay lptduckvd pieu
ue a maska.
an a m ahiesas
aNeage Ler oLnADmiaA ical
ashieved disunnnues _dcale, Ha