Economy, asked by nonameqweiop, 26 days ago

why p=mc? in economics​

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Answered by vaishalitorawane30
0

Answer:

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. ... At this point, price equals both the marginal cost and the average total cost for each good (P = MC = AC).

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Answered by snehapkr5
2

Answer:

Your answer is in the picture:-

So, please refer to the attachment:-

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answered by suhana ✌️☺️❤️

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