Biology, asked by raiaman270, 2 months ago

Changes in the output of a perfectly competitive firmwithout any change in the price of the productwill change the firm's________

Answers

Answered by bannybannyavvari

Explanation:

In a perfectly competitive market, MR is equal to the market price P for all levels of output. These points imply that a perfectly competitive firm will maximize profit by producing output where P = MC. 2. ... The lowest price at which a firm will produce output is the price that equals the firm's minimum AVC.

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