Perfect Competition = Pure Competition

in perfect •  2 years ago 

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

Profit maximizing: Marginal Cost = Marginal Revenue

perfect pure competition mr ar max profit
2 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$2.10
  • Past Payouts $2.10
  • - Author $1.10
  • - Curators $1.00
5 votes
1
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  2 years ago 

    Upvoted! Thank you for supporting witness @jswit.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00