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Economy Secondary School in Economy 1 year ago
In a perfectly competitive market, price equals marginal cost and FIRMS earn an economic profit of ZERO. In a monopoly, the price is set above marginal cost and the firm earns a positive economic profit. PERFECT competition produces an equilibrium in which the price and quantity of a good is ECONOMICALLY efficient.Explanation:PLZ MARK ME AS BRAINLIEST
Posted on 18 Aug 2024, this text provides information on Economy related to Secondary School in Economy. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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