Firm's LONG RUN Decision to EXIT the market| Perfect Competition| Mankiw Microeconomics Ch14 P4

MICROECONOMICS
Chapter 14: Firms in Competitive Markets
Reference: Principles of Microeconomics, Mankiw 6th edition
Follow these timestamps:
0:00 Firm's long run condition to exit the market
4:53 Profits on the graph
6:22 Case of positive profits & loss
10:00 Firm's supply curve in short & long run
12:59 Market supply curve
19:11 Market Equilibrium
22:06 Long Run Market Supply Curve
23:28 Summary
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