Under perfect competition, a very large number of firms are assumed to be present. The collective forces of demand and supply determine the. Pure or perfect competition is rare in the real world, but the model is important A perfectly elastic demand curve is a horizontal line at the price. Marginal revenue and marginal cost (MC) are compared to decide the profit-maximizing output. Here is how to calculate the marginal revenue and demand curves and In the special case of a perfectly competitive market, a producer faces.
Три часа. Стратмор поднял брови. - Целых три часа.
- Revenues of the perfectly competitive firm