Profit Maximization in Perfect Competition

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Uploaded by on Jul 12, 2009

http://demonstrations.wolfram.com/ProfitMaximizationInPerfectCompetition/

The Wolfram Demonstrations Project contains thousands of free interactive visualizations, with new entries added daily.

A perfectly competitive firm with rising marginal costs maximizes profit by producing up until the point at which marginal cost is equal to marginal revenue. The marginal revenue for a perfectly competitive firm is the market price determined by the int...

Contributed by: Fiona Maclachlan

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