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Home » Tutorials » Economics » Cost and Industry Structure
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Introduction to Cost and Industry Structure
Explicit and Implicit Costs, and Accounting and Economic Profit
Key Concepts and Summary
The Structure of Costs in the Short Run
Fixed and Variable Costs
Average Total Cost, Average Variable Cost, Marginal Cost
Lessons From Alternative Measures of Costs
A Variety of Cost Patterns
The Structure of Costs in the Long Run
Choice of Production Technology
Economies of Scale
Shapes of Long-Run Average Cost Curves
The Size and Number of Firms in An Industry
Shifting Patterns of Long-Run Average Cost