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3 econ The Firm - Coggle Diagram

- - - - a. Diminishing Marginal Returns
  - - - a Short Run
      - b Long Run
  - - - a Economies and Diseconomies of Scale
  - - - a. Equating Slope of Total Revenue and Total Cost
- - - - a Perfect Competition
      - b Imperfect Competition
  - - - a Break Even/Shut Down Points
- - - - b One Seller
      - c Imperfect Information
      - a Differentiated Product
      - d Barriers to Entry
  - - - b Many Firms
      - c Imperfect Information
      - a Differentiated Product
      - d Inefficiencies
    - - a Short Run
      - b Long Run
  - - - b Many Sellers
      - c Perfect Information
      - d Instantaneous Entry/Exit
      - a Homogeneous Products
  - - - b Barriers to Entry
      - c Output and Pricing
      - a Few Firms
      - d Collusion