please help me to consider this situation

1个回答

  • I think this situation is only applicable to “Perfectly competitive firms”,not "Manufacturers of non-perfect competition".

    Use formula to explanation it,for this:

    "MR=dTR/dQ=d(P*Q)/dQ=P"

    MR is "marginal revenue";TR is "total revenue,also TR=P*Q";P is "the market price "; Q is “demand quantity”.