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Perfect Competition Perfect Competition

Perfect Competition - PowerPoint Presentation

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Uploaded On 2016-05-29

Perfect Competition - PPT Presentation

Demand for the product of a perfectly competitive firm P rice determined by S amp D P rice taker Wont charge higher or lower than market price H orizontal perfectly elastic at ID: 339688

economic profit revenue total profit economic total revenue occurs firm point r10 equilibrium normal maximised cost profits loss rule

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