Question

if the price is equal to marginal cost the amount of loss will be equal

fixed cost
discretionary cost
direct cost
sunk cost​

Answer 1

Explanation:

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In perfect competition, any profit-maximizing producer faces a market price equal to its marginal cost (P = MC). This implies that a factor's price equals the factor's marginal revenue product. It allows for derivation of the supply curve on which the neoclassical approach is based.