Perfect Competition = Pure Competition

aoddl94 (69)in #perfect • 2 years ago

Perfect Competition Market:
Perfectly Elastic (horizontal) demand curve:
Price =Marginal Revenue =Average Revenue

Profit maximizing: Marginal Cost = Marginal Revenue

#pure #competition #mr #ar #max #profit

2 years ago in #perfect by aoddl94 (69)

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jswit (71) 2 years ago

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