Why is the marginal revenue curve for a perfectly competitive firm the same as its demand curve?
Why is the marginal revenue curve for a perfectly competitive firm the same as its demand curve? The marginal revenue received by the firm is the change in total revenue from selling one more unit, which is the constant market price. So a perfectly competitive firm’s demand curve is the same as its marginal revenue … Continue reading Why is the marginal revenue curve for a perfectly competitive firm the same as its demand curve?
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