How perfectly competitive firms make output decisions

added article Financial Services

2023-02-21 15:16:17 -

Key points As a perfectly competitive firm produces a greater quantity of output, its total revenue steadily increases at a constant rate determined by the given market price. Profits will be highest—or losses will be smallest—for a perfectly competitive firm at the quantity of output where total revenues exceed total costs by the greatest amount, or where total...

0 Comments 0 Shares 5463 Views 0 Reviews