Business Studies, asked by Krtin7827, 1 year ago

Why will a profit maximising firm in a competive market?

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Answered by subhanshusingh

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).

Answered by Anonymous

Explanation:

Samsung is a big company

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