please help me to consider this situation"When a firm consider the market price as its demand curve,then the demand curve is also equal to the marginal and average revenue for the firm.Why?
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please help me to consider this situation"When a firm consider the market price as its demand curve,then the demand curve is also equal to the marginal and average revenue for the firm.Why?
please help me to consider this situation
"When a firm consider the market price as its demand curve,then the demand curve is also equal to the marginal and average revenue for the firm.
Why?
please help me to consider this situation"When a firm consider the market price as its demand curve,then the demand curve is also equal to the marginal and average revenue for the firm.Why?
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”.