File:Perfect competition in the short run.svg

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English: Diagram showing that it is possible that a firm in perfect competition makes an abnormal profit, if P > min(ATC). In the long run, however, only normal profits will be made, since P will equal min(ATC) exactly.
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Imperfect competition in the short run.
Simpler version of the same diagram
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This image is a derivative work of the following images:

  • File:Perfect_competition_in_the_short_run.png licensed with Cc-by-sa-3.0-migrated-with-disclaimers, GFDL-en, GFDL-user-en-with-disclaimers
    • 2008-10-10T11:36:52Z Iroony 653x496 (10875 Bytes) {{Information |Description={{en|Diagram showing that it is possible that a firm in perfect competition makes an abnormal profit. However, the condition for long run AR=MR}} |Source=Transferred from [http://en.wikipedia.org en
  • File:Costcurve_-_Combined.svg licensed with Cc-by-3.0
    • 2010-09-26T19:21:16Z Jarry1250 560x400 (2867 Bytes) {{Information |Description={{en|Three [[:en:cost curve|cost curves]] (average total cost, marginal cost, and marginal revenue) overlaid.}} |Source=*[[:File:Costcurve_-_Combined.png|]] |Date=2010-09-26 19:20 (UTC) |Author=*[[:

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Date/TimeThumbnailDimensionsUserComment
current16:18, 15 October 2010Thumbnail for version as of 16:18, 15 October 2010580 × 400 (3 KB)Jarry1250== int:filedesc == == int:filedesc == Better economics
20:59, 5 October 2010Thumbnail for version as of 20:59, 5 October 2010560 × 400 (4 KB)Jarry1250== Summary == Economics error fixed.
20:52, 5 October 2010Thumbnail for version as of 20:52, 5 October 2010560 × 400 (4 KB)Jarry1250== Summary == Try to realign again.
20:51, 5 October 2010Thumbnail for version as of 20:51, 5 October 2010560 × 400 (4 KB)Jarry1250== Summary == == Summary == Minor fixes
20:45, 5 October 2010Thumbnail for version as of 20:45, 5 October 2010560 × 400 (4 KB)Jarry1250{{Information |Description={{en|Diagram showing that it is possible that a firm in en:perfect competition makes an abnormal profit, if P > min(ATC). In the en:long run, however, only normal profits will be made, since P
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