Question

1) A firm can maximize its profits by picking an output level where: Oprice > average variable costs price > average total costs Omarginal revenue - marginal cost price - average variable cost Submit You currently have 0 submissions for this question. Only 1 submission are allowed. You can make 1 more submissions for this question.

Answer 1

ANSWER profits by Picking an (1 & firm can maximize its output level where! 0 Marginal Revenue - Marginal cost perfectly compettive market an individural firm in this (4) of the equilibrium price in a for apples in & per pound, then market could sell an additional pound at $1. (5) If you deade to grow a mango tree in your I sell the mangos at the framen market at the all other mango vendors, your business would be o perfectly competitive form. backyard and same price as considered. (6) ha perfectly competitive market, cacu buyers or seller is - to refluence the entre market, therefore every single buyer or selter in & - too small price takes z in perfect competition, the industry demone came in enhile the individual firm's demand ame in & downward sloping, horizontal

(2) the price deking) eis (8 on a graph, the concept of ХИ обои au. O a horizonte demoud wwer (9) of a which of the following is Perfectly competitive market barriers to entry. not a characteristic structure? (lo) characteristic of a which one perfectly None of of the following is a competitive market & the above. ①