Managerial Economics

Managerial Economics

Order Details:

Please answer the question in the attached picture. First provide definition of the perfect competition , product price , marginal revenue , marginal cost , average total cost Writer can use a references in this part of the definition and explain the subject. Answer the question and Explain when the price is higher or equal or less than marginal revenue , marginal cost, average total cost what is the impact on the profit. Use diagram . Regards, G

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