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.
Contributors and Attributions
- 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