Section+2


 * Section 2: Must be finished by Oct 24 11PM**

22 Value of the firm 23 Total cost including implicit and explicit costs 24 Average cost (long run and short run) 25 economies of scale, diseconomies of scale, constant returns to scale 26 Average variable cost 27 Economies of scope 28 Supply and demand for labor including Marginal revenue product b (B) Supply and demand for labor including Marginal revenue product 29 Efficiency in production b (B) Efficiency in production 30 Concentration indexes: Four firm concentration ratios, Herfindahl Hershman indexes (HHI) 31 Optimal input procurement 32 Perfect competition: Interpretation of the long-run supply curve (perfect competition) b (B) Perfect competition: Interpretation of the long-run supply curve (perfect competition) 33 monopoly b (B) monopoly 34 monopolistic comp 35 oligopoly b (B) oligopoly 36 how to maximize profit when there are two production plants, long-run equilibrium 37 Cournot 38 Stackelberg 39 Bertrand 40 Collusion 41 contestable markets 42 Sweezy oligopoly