How perfectly competitive firms make output decisions

πρόσθεσε ένα νέο άρθρο 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...

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