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11.6: Introduction to Profit in a Perfectly Competitive Firm

  • Page ID
    48417
  • What you’ll learn to do: analyze a firm’s profit margin

    Image of lettered dice that spell out, "Profit, loss, risk".

    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

    CC licensed content, Original
    • Introduction to Profit in a Perfectly Competitive. Authored by: Steven Greenlaw and Lumen Learning. License: CC BY: Attribution
    CC licensed content, Shared previously