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Theory of the Firm

(HL Extensions)

Syllabus Coverage
2.11 Market failure—market power (HL only)

Unit Readings

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Chapter Ten:

Rational Producer Behavior

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Slide Show

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Chapter Eleven:

Perfect Competition and Monopolistic Competition

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Chapter Twelve:

Monopoly and Oligopolistic Competition

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Google Doc: Make a Copy and use

Google Quiz 

Calculating Cost Curves

Calculating Revenue, Costs, and Profits

Calculating costs and marginal product

ATC, AVC, AFC 

Calculating Costs (all)

Revenue

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Market Structures:

Brief Overview

Perfect Competition

Monopolistic Competition

Monopoly

Total, Average and marginal revenue for a firm with a downward sloping demand curve (monopolistic and monopoly).

Calculating Revenue

Downward Sloping Demand

Economies of Scale Explained

Economies of Scale

Good Explanation from Tutor2u

Oligopoly

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