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Author Question: For a perfectly competitive firm, the price of its good is equal to the firm's marginal revenue because (Read 97 times)

deesands

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on: May 24, 2019
For a perfectly competitive firm, the price of its good is equal to the firm's marginal revenue because
◦ information about price changes is hard to come by for small sellers.
◦ price and marginal revenue are the same economic concepts.
◦ individual perfectly competitive firms cannot influence the market price by changing their output.
◦ the firm's total revenue cannot be changed by anything the firms can do.
◦ there are only a small number of firms in the market.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by deesands on May 24, 2019

Brummell1998

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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deesands

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Reply #2 on: May 24, 2019
Excellent


Brummell1998

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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