Perfect Competition and Profit Maximization

Описание к видео Perfect Competition and Profit Maximization

This video goes over the basics of profit maximization for a perfectly competitive firm. We explore the profit maximizing point graphically by comparing marginal cost with marginal revenue. The perfectly competitive market structure is interesting because it has a constant price and average price because it is a price taker.

More information is available at http://www.freeeconhelp.com/2012/01/p...

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