Use the octet rule to explain why metals and nonmetals typically form oppositely charged ions. Explain how we would use the octet rule to predict the…
October 29, 2020
What are examples of cost-push inflation?
October 29, 2020
Show all

Why are marginal revenue and price the same? Explain.

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.

Connect with a professional writer in 5 simple steps

Please provide as many details about your writing struggle as possible

Academic level of your paper

Type of Paper

When is it due?

How many pages is this assigment?


“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”

The post Why are marginal revenue and price the same? Explain. appeared first on Maths Work Help.

Looking for a Similar Assignment? Let us take care of your classwork while you enjoy your free time! All papers are written from scratch and are 100% Original.