I'm basically having trouble with quite a few graphs that we have to know in A2.
Specifically, the graphs that have marginal cost, average cost, average revenue etc.
Like how they differ for industries and for firms, and also which type of markets, ie monopolistic competition, monopolies, oligopolies etc. have differences in the graphs. Also which points in different graphs represent different things. Normal profit, abnormal profit and whatnot.
Yeah I know it sounds like quite a lot but basicaly its the graphs that have at least 3 or 4 curves on them,
Can anybody link me to a website/page that sums it all up? Or if you have the time and (i'd really appreciate it if you did, but i'm not really expecting it since its a lot to ask), just explain it all from top to bottom :p
