Economics Assignment | College Homework Help
January 17th, 2020
A) high revenues B) normal profit C) economic profit D) low cost E) lack of competitionPURE COMPETITION PROFIT ANALYSISSHORT RUN REVENUE/COST CURVES – FIRM AMCATCAVCPriceMR AMR 3MR 2MR0Quantity+(note: each of the above horizontal curves (lines) represent a different demand curve for firmA. Remember that in pure competition a firm’s demand curve D = P = MR)Get Business and Finance homework help today