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Analysis Diagram: Outward Shift of Revenue

Level:: A-Level

Board:: AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 21 Mar 2021

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This short revision videos takes students through the effects of an outward shift of both AR and MR for a profit maximising firm in an imperfectly competitive market. Price, output and total profit will all increase assuming the conditions of supply remain unchanged.