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#cfa #cfa-level-1 #economics #has-images #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit
Question
In the case of perfect competition, the [...] is the quantity where price, average revenue, and marginal revenue equal average total cost.
Answer
Tags
#cfa #cfa-level-1 #economics #has-images #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit
Question
In the case of perfect competition, the [...] is the quantity where price, average revenue, and marginal revenue equal average total cost.
Answer
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Tags
#cfa #cfa-level-1 #economics #has-images #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit
Question
In the case of perfect competition, the [...] is the quantity where price, average revenue, and marginal revenue equal average total cost.
Answer
If you want to change selection, open original toplevel document below and click on "Move attachment"
In the case of perfect competition, the breakeven point is the quantity where price, average revenue, and marginal revenue equal average total cost.
point, the firm will exit the market, i.e., the firm will no longer participate in the market. Point D, which corresponds to output Q 3 , is a position where economic profit occurs because price is greater than ATC. <span>In the case of perfect competition, the breakeven point is the quantity where price, average revenue, and marginal revenue equal average total cost. It is also defined as the quantity where total revenue equals total costs. Firms strive to reach initial breakeven as soon as possible to avoid start-up losses for any extended period o
Parent (intermediate) annotation
Open itIn the case of perfect competition, the breakeven point is the quantity where price, average revenue, and marginal revenue equal average total cost.
Original toplevel document
Open itpoint, the firm will exit the market, i.e., the firm will no longer participate in the market. Point D, which corresponds to output Q 3 , is a position where economic profit occurs because price is greater than ATC. <span>In the case of perfect competition, the breakeven point is the quantity where price, average revenue, and marginal revenue equal average total cost. It is also defined as the quantity where total revenue equals total costs. Firms strive to reach initial breakeven as soon as possible to avoid start-up losses for any extended period o
Summary
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition or drill |
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