11.6: Introduction to Profit in a Perfectly Competitive Firm
- Page ID
- 60732
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What you’ll learn to do: analyze a firm’s profit margin
So far, you’ve learned about perfect competition and what quantity a perfectly competitive firm will want to produce. In this section, we’ll examine profit and determine how much profit a perfectly competitive firm can earn, and at what point it should consider shutting down. Learn how perfectly competitive firms make their one important decision of how much to produce.
- Introduction to Profit in a Perfectly Competitive. Authored by: Steven Greenlaw and Lumen Learning. License: CC BY: Attribution
- profit, risk, loss. Authored by: freeGraphicToday. Provided by: Pixabay. Located at: https://pixabay.com/en/dices-over-newspaper-profit-2656028/. License: CC0: No Rights Reserved