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HACTEHA [7]
2 years ago
10

the graph to the right depicts the per unit cost curves and demand curve facing a shirt manufacturer in a competitive industry 8

.53
Business
1 answer:
Eddi Din [679]2 years ago
3 0

The perfectly competitive market profit mathematically given as

P = 131.76

<h3>What is the perfectly competitive market profit?</h3>

Generally, the equation for a perfectly competitive market is  mathematically given as

P = MC

Therefore

P= ( P -ATC) * Q

Hence

P= ( 8.53 - 6.70) * 72

P = 131.76

In conclusion, a perfectly competitive market profit

P = 131.76

Read more about the perfectly competitive market

brainly.com/question/13961518

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