LECTURE 9-10:

PRICE AND PRODUCT DECISION:

PERFECT AND MONOPOLISTIC
COMPETITION

Managerial Economics
Lecturer: Adyatsogt.Kh
NUM in Orkhon

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AR=P .

(MR=AR) .
AR=P AR=P=MR
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TR=S0P*AQ
TC=S0CBQ*
=SCP*AB

MR>MC



MR<MC

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(MR=MC) .

 P-AVC=0

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 P-AVC<0

MC=P .
SRAC=P .

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