Marginal revenue is equal to marginal cost.
A perfectly competitive firm will maximize profits (minimize losses) by producing the level of quantity.
The profit maximize firms will occur at a level of quantity where marginal revenue equals to the marginal cost. It can also maximize its profit when its total cost curve intersects curve. Economic profit is the difference between the total revenues and economic costs.
Perfectly competitive firms are called the price taker firm to maintain and maximize profits. It definitely raise the prize for its profit otherwise it losses all its production in terms of sales. It is generally an atomic market condition intensively depending on ideal price.
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Constantinople was located in the middle of the Mediterranean seas.
This location is definitely really strategic for Constantinople international trading because its connected the continents of Europe, Asia, and America. This makes Constantinople able to develop trading relationships with a lot of countries, which influence its growth and financial stability.
Answer: D Feelings have no place in ethical discussion
Explanation:
Sophia/Snhu
Answer:
expansion should be undertaken as it has a positive net present value
Answer:
The correct answer is letter "D": simultaneously compete against each other in the same product areas geographic markets.
Explanation:
Multi-market competition happens when companies offering a similar product make contact in multiple markets. The level o competition shapes according to the region where the goods or services are being offered and in different markets, different consumers decide which company is taken as the preferred.
Though, the constant contact of competitors in different regions could decrease their competition since they might use their mutual help in adverse areas to be able to conduct their businesses.
