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Revenue Profile: Perfect Competition

Explore the revenue profile of a firm operating in a perfectly competitive market, analyzing demand, pricing, total revenue, average revenue, and marginal revenue. This detailed study sheds light on the dynamics of revenue generation in such a competitive environment.

callie-adams
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Revenue Profile: Perfect Competition

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  1. Revenue Profile: Perfect Competition

  2. P MARKET P S DEMAND FOR ONE FIRM'S OUTPUT D $15 $15 D 0 Q 0 Q Q

  3. P DEMAND FOR ONE FIRM'S OUTPUT D $15 0 Q

  4. PRICE Q TR AR MR $15 0 $15 1 $15 2 $15 3 . . . $15 10000

  5. PRICE Q TR AR MR $15 0 $15 1 $15 2 TR EQUALS P X Q $15 3 . . . $15 10000

  6. PRICE Q TR AR MR $15 0 $15 1 $15 2 $15 3 . . . $15 10000

  7. PRICE Q TR AR MR $0 $15 0 $15 1 $15 $15 2 $30 $15 3 $45 . . . $15 150000 10000

  8. PRICE Q TR AR MR $0 $15 0 $15 1 $15 $15 2 $30 $15 3 $45 AR EQUALS TR / Q . . AR = (P X Q) / Q . $15 150000 10000

  9. PRICE Q TR AR MR $0 $15 0 $15 1 $15 $15 2 $30 $15 3 $45 AR EQUALS TR / Q . . AR = (P X Q) / Q 1) = P . $15 150000 10000

  10. PRICE Q TR AR MR $0 $15 0 $15 1 $15 $15 2 $30 $15 3 $45 . . . $15 150000 10000

  11. PRICE Q TR AR MR $0 $15 0 $15 $15 1 $15 $15 $15 2 $30 $15 $15 3 $45 . . . $15 $15 150000 10000

  12. PRICE Q TR AR MR $0 $15 0 $15 $15 1 $15 $15 $15 2 $30 MR EQUALS IN TR / IN Q $15 $15 3 $45 . . . $15 $15 150000 10000

  13. PRICE Q TR AR MR $0 $15 0 $15 $15 1 $15 $15 $15 2 $30 $15 $15 3 $45 . . . $15 $15 150000 10000

  14. PRICE Q TR AR MR $0 $15 0 $15 $15 1 $15 MR $15 $15 2 $30 IN TR IN Q $15 $15 3 $45 . . . 150000 149,955 9.997 15 $15 $15 10000

  15. PRICE Q TR AR MR $0 $15 0 $15 $15 $15 1 $15 $15 $15 2 $30 $15 $15 $15 3 $45 $15 . . . $15 $15 150000 10000 $15

  16. REVENUE PROFILE Perfect COMPETITION - P AR - NOTHING SPECIAL

  17. REVENUE PROFILE Perfect COMPETITION - - P AR MR - - NOTHING SPECIAL

  18. REVENUE PROFILE Perfect COMPETITION - - P AR MR - - SPECIAL AND UNIQUE TO Perfect NOTHING SPECIAL COMPETITION !!!!

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