Рет қаралды 3,180
Hi Everyone in this video I discuss Firm Supply in Perfect Competition as equal to Marginal Cost (I also discuss the limits to this relationship)
0:00 Introduction
0:37 Review of Supply
1:29 Firm Supply
3:50 Short Run Limits
The other videos that I mentioned are:
Profit Maximisation in Perfect Competition (Explaining P=MC): • Profit Maximisation in...
Shut Down and Exit Entry Conditions for the Firm in Perfect Competition: • The Short-Run Shut-Dow...