Marginal cost and marginal revenue approach under perfect competition
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Heya.....
====== Answer ======
Marginal cost and marginal revenue in the perfect competition remains same means MR = MC .....
Because...
In the perfect competition there is no control over price by any individual firm , so the prices are only determined by the market forces only...
Thank you
====== Answer ======
Marginal cost and marginal revenue in the perfect competition remains same means MR = MC .....
Because...
In the perfect competition there is no control over price by any individual firm , so the prices are only determined by the market forces only...
Thank you
Answered by
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When a company treats every single customer as a separate segment that is called Micro-marketing. Explanation: This form of marketing is used by business organizations to enhance their sales by narrowing down on a segment or group of customers
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