Chapter 9: Micro Flashcards by silence 72

Q

Accounting profits

A

232

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Q

Economic profits

A

232

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Q

Externam diseconomies of scale

A

242

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Q

External economies of scale

A

243

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Q

Free entry and exit

A

229

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Q

Industry

A

227

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Q

Long-run competitive equilibrium model

A

228

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Q

Long-run equilibrium

A

230

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Q

Long-run industry supply curve

A

241

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Q

Normal profits

A

235

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