Perfect Competition and Profit Maximization
6:55
YouTubeFree Econ Help
Perfect Competition and Profit Maximization
This video goes over the basics of profit maximization for a perfectly competitive firm. We explore the profit maximizing point graphically by comparing marginal cost with marginal revenue. The perfectly competitive market structure is interesting because it has a constant price and average price because it is a price taker. More information is ...
239.1K viewsJan 27, 2012
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