Economy, asked by haya124khan, 1 year ago

Show that a perfectly competitive firm maximise its profit only when price=MC?

Answers

Answered by nhkmk786

As the objective of each perfectly competitive firm, they choose each of their output levels to maximize their profits. The key goal for a perfectly competitive firm in maximizing its profits is to calculate the optimal level of output at which its Marginal Cost (MC) = Market Price (P).

Previous Question

Next Question

Similar questions

English, 6 months ago

Antonym of ‘deep’ is...

Math, 6 months ago

If 7 sin² + 3cos² = 4, then find the value of tane...

Computer Science, 6 months ago

There is no Hierarchical order for ______ Operators.

Math, 1 year ago

P and Q are respectively the mid- point of sides AB and BC of a triangle ABC and R is the mid- point of AP,show that. (1). ar( PRQ)=1/2ar(ARC). (2). ar(RQC)=3/8ar(ABC). (3). ar(PBQ)=ar(ARC).

English, 1 year ago

Chose the word For The blank He was looking at Us ,'----------...

History, 1 year ago

what is the name of Chanakya guru...

Chemistry, 1 year ago

substance used to make electric iron electrically insulated...

Chemistry, 1 year ago

Define change in color...