Why are marginal revenue and price the same? Explain.

FIRST GRADER essay writing company is the ideal place for homework help. If you are looking for affordable, custom-written, high-quality and non-plagiarized papers, your student life just became easier with us. Click the button below to place your order.


Order a Similar Paper Order a Different Paper

Because, in a perfect competition market, the price does’t decrease when the producers sells more units. Therefore, the firm earns the market price for each unit sold.

This concept only applies to a perfect competition market. In this market structure, all producers must sell the product for the market price. When doing so, every unit will earn them the price of the product. The price doesn’t decrease when more units are sold because there are many sellers in the market and none of them can impact the market price.

Got stuck with another paper? We can help! Use our paper writing service to score better grades and meet your deadlines.

Get 15% discount for your first order


Order a Similar Paper Order a Different Paper
Writerbay.net