Knowledge in Firms in competitive markets - monopoly

Introductory Micro economics

Detailed notes of firms in competitive markets covering topics related to marginal revenue, average revenue,TR , TC , AC AR curves and their combined relationships. These notes give a description of firm's shutdown pointin short and long run , when the firm should enter and exit the market. It includes the concept market supply curve and individual firm supply curve. It includes further diagrams and schedules with unsolved questions of the related topic as given above.