Price = MC
Price = MC
Glossary micro and macro economics
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Economics
Definition of price = mc
Price = MC : in a purely competitive market model, the principle that a firm's demand is perfectly elastic and equal to price, so that a firm will maximize profit when price equals marginal cost if price is equal to or greater than A TC and minimize loss if price is greater than A Vc.
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of price = mc
Meaning of price = mc
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