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Card 6

Front

When can a perfectly competitive firm make a loss?

Back

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Card 7

Front

When will firms decide to leave the industry ?

Back

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Card 8

Front

Describe perfectly competitive revenue curves

Back

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Card 9

Front

How useful is perfect competition?

Back

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Card 10

Front

How efficient is perfect competition?

Back

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Card 11

Front

How efficient is a monopoly?

Back

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Card 12

Front

What are the benefits of perfect competition?

Back

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Card 13

Front

Define economic efficiency

Back

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Card 14

Front

Define static efficiency

Back

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Card 15

Front

Describe technical efficiency

Back

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