How does the atc curve affect all four market structures

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Reference no: EM133334981

Assignment:

Answer the following questions:

What the differences between all four market structures in the short-run and long-run? How do they affect cost?
What is the significance of the average total cost (ATC) curve for profit and loss based on each type of market structure?
How does the ATC curve affect all four market structures?
Will firms earn a profit or loss based on the placement of the ATC curve and price?

Reference no: EM133334981

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