Answer to Question #294677 in Macroeconomics for Nalyn

Question #294677

How do firms maximize profit in a perfectly competitive market?


1
Expert's answer
2022-02-07T17:04:26-0500

Firms in a perfectly competitive market are said to be maximizing their profits when their marginal revenues are equal to marginal costs.("MR=MC" )


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS