Why are firms called price takers in a perfectly competitive market? Why do different firms produce different quantities despite having the same price and MR curve in perfect competition? Explain. give graphs if needed
Why are firms called price takers in a perfectly competitive market? Why do different firms produce different quantities despite having the same price and MR curve in perfect competition? Explain. give graphs if needed
Chapter9: Perfect Competition
Section: Chapter Questions
Problem 10WNG
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