1. Graphically depict the long-run graph for a purely competitive structure. Include Graphs and a full explanation (5 sentence)    2. Graphically depict a purely competitive firm in the short-run. You can have the firm making a profit or loss in the short-run. Include explanation and graphs.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Firms In Competitive Markets
Section: Chapter Questions
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1. Graphically depict the long-run graph for a purely competitive structure. Include Graphs and a full explanation (5 sentence) 

 

2. Graphically depict a purely competitive firm in the short-run. You can have the firm making a profit or loss in the short-run. Include explanation and graphs.

 

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