Question
Describe why in perfect competition the market price of a good becomes the marginal revenue (MR) associated with a given individual firm producing and selling
Describe why in perfect competition the market price of a good becomes the marginal revenue (MR) associated with a given individual firm producing and selling one more unit.
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
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