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Midterm x + moodle/mod/quiz/attempt
Midterm x + moodle/mod/quiz/attempt.php?attempt=140224&cmid=154142 1y-ZUZU YdZ) INTISADA GIRIZ -1 paneli / Derslerim / ECON 101_602212 / Genel / Midterm Si Which of the following is always true for a perfectly com anmadi nden enmis ruyu A. P = MR B. P = ATC C. MR = ATC D. P = AVC 6 11 16 Lütfen birini seçin: A. Uyg B. C. Kala D. RI e E
? m Midterm PAU.: Pusula Bilgi Sistemi X + eds pau.edu.tr/moodle/mod/quiz/attempt.php?attempt-1402248cmid=154142#q5 ?? PAÜ EDS Türkçe (tr) Which of the following is always true for a perfectly competitive firm? anmadi nden enmi? uyu A. P = MR B. P = ATC C. MR = ATC D. P = AVC IN Lütfen birini seçin: O A. B. C. D.
Expert Solution
A. P = MR
In perfect competition price is decided by the market forces of demand and supply. Price remains constant. At this level of price firm can sell any unit.
Also,
P is equal to Average revenue.
Also AR = MR
P = AR = MR
Price , AR and MR curve coincides.
That is price, AR and MR are parallel to X axis.
The firm under perfect competition is a price taker not a price maker.
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