How do changes in marginal revenue affect total revenue under perfect competition and
imperfect competition market forms? Explain.
Answers
Answered by
12
Answer:
Definition: Imperfect competition is a competitive market situation where there are many sellers, but they are selling heterogeneous (dissimilar) goods as opposed to the perfect competitive market scenario. ... If a seller is selling a non identical good in the market, then he can raise the prices and earn profits.
hope its help you
Explanation:
#dynamite
Similar questions