What is the relative position of a firm in a perfectly competitive industry? How does a profit…


What is the not-absolute standing of a resolute in a fully competitive assiduity? How does a improvement maximizing resolute designate the compensation of its effect inferior consummate race. Analyze the makeweight of a resolute inferior the conditions of consummate race in the insufficient run? Discuss in this behold the concern of AR, AC, MR and MC inferior consummate race.