Comparisons of Monopoly and Competitive Output

  • Joan Robinson


WE have returned from this digression equipped with four cost curves:

α marginal cost including rent;

β average cost including rent;

γ marginal cost excluding rent;

δ average cost excluding rent.


Marginal Cost Demand Curve Average Cost Cost Curve Supply Curve 
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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1969

Authors and Affiliations

  • Joan Robinson

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