Saturday
October 25, 2014

Homework Help: Need Help on this Microeconomics question, really

Posted by David on Saturday, November 1, 2008 at 12:05am.

If firms in perfect competition all pay the same price for resources and all receive the same price for outputs, how can they have different total profits or different profits per unit sold?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

microeconomics - monopoly vs perfect competition - hi, can sum1 help me? wats ...
microeconomics - Why do oligopolies exist? list five or six oligopoists whos ...
Microeconomics - When firms in a perfectly competitive market face the same ...
Economics - Assume that there is a perfect competition market for a good X. If ...
Microeconomics - "In both monopoly and perfect competition the profit maximising...
Economics - Heres one IM SURE economist will enjoy... Always saying MC = MR :) ...
economy - consider a perfectly competitive market in which all firms have the ...
Microeconomics - Monopolistic Competition The administrtive burden of regulating...
Microeconomics - Monopolistic Competition The administrtive burden of regulating...
microeconomics - If all firms in an industry are price-takers, then ______.

Search
Members