For a perfectly competitive firm, the marginal cost curve is identical to the firm’s ________________

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20-08-2017
Business

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For a perfectly competitive firm, the marginal cost curve is identical to the firm’s ________________

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barnuts barnuts · Answer 1 · 2017-09-03T06:10:19+02:00

barnuts barnuts

03-09-2017

If the firm is perfectly competitive, then this means that the marginal cost curve is simple similar to the firm’s supply curve. The level in which the marginal cost is equal to the marginal revenue is the level in which profit is maximized.

Answer:

Supply curve

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