Explore how the ATC curve affects all four market structures and identify whether firms will earn a profit or loss based on the placement of the ATC curve and price.

Market Structures

Identify the differences between all four market structures in the short-run and long-run.

Explain the significance that the average total cost (ATC) curve has on profit and loss based on each type of market structure.

Explore how the ATC curve affects all four market structures and identify whether firms will earn a profit or loss based on the placement of the ATC curve and price.