Business, 26.10.2020 17:20 madcat226

If a purely competitive firm is producing at the MR = MC output level and earning an economic profit, then some existing firms in this market will leave. new firms will enter this market. the selling price for this firm is above the market equilibrium price. there must be price fixing by the industry's firms.:

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If a purely competitive firm is producing at the MR = MC output level and earning an economic profit...