Unit+3+–+Theory+of+the+Firm

=**Theory of the Firm**=

Reading:

 * McConnell & Brue: Chapters 20, 21, 22, 23, 24
 * Morton & Goodman: Unit 3

Key Concepts:

 * total, average, marginal product
 * total, average, marginal cost
 * fixed vs. variable costs
 * MR = MC
 * short run vs. long run
 * pure competition
 * monopoly
 * price discrimination
 * monopolistic competition
 * noncollusive oligopoly
 * collusive oligopoly

Graphs & Charts:

 * pure competition
 * monopoly
 * monopolistic competition
 * noncollusive oligopoly
 * collusive oligopoly
 * firm vs. industry

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Miscellaneous:
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 * [[file:Theory of the Frim.Costs.AP.2010.pdf]]
 * [[file:Firm.Part 2.APE.pdf]]
 * [[file:Firm.Part 3.APE.pdf]]
 * [[file:Firm.Part 4.APE.pdf]]
 * [[file:Unit 3 Sample Questions - MC 1.pdf]]
 * [[file:Unit 3 Sample Questions - Short 2.pdf]]
 * [[file:Unit 3 Sample Questions-Long.pdf]]