Ask Question
6 January, 01:47

Why does demand equal marginal revenue for perfectly competitive firms

+4
Answers (1)
  1. 6 January, 02:55
    0
    Specifically, price only equals marginal revenue in perfect competition. Price equals MR in perfect competition because your demand curve is horizontal. No matter how much you produce, it always sells at the same price. In other market structures, you can raise or lower prices.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why does demand equal marginal revenue for perfectly competitive firms ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers