why there is no supply curve in perfectly competitive market
Answers
Answered by
3
Answer:
Under perfect competition average revenue is equal to marginal revenue, so the firm will produce up to that point where marginal revenue and marginal cost are equal. ... 1 it is clear that there is no supply if price is below OP. At price less than OP, the firm will not be covering its average variable cost.
avighosh0777:
it's not complete bro
Similar questions