The Theory of Imperfect Competition Figure 6-2: Average Versus Marginal Cost Cost per unit 65432 Average cost Marginal cost 0 24681012141618202224 Output Copyright C 2003 Pearson Education, Inc Slide 6-14Copyright © 2003 Pearson Education, Inc. Slide 6-14 Figure 6-2: Average Versus Marginal Cost The Theory of Imperfect Competition Average cost Marginal cost 1 2 0 3 4 5 6 2 4 6 8 10 12 14 16 18 20 22 24 Cost per unit Output