If firms in perfect competition all pay the same price for resources and all receive the same

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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?

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Basic Economics

ISBN: 978-1111826642

16th edition

Authors: Frank V. Mastrianna

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Question Posted: Mar 08, 2018 09:53 AM

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If firms in perfect competition all pay the same price for resources and all receive the same

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Some firms use their resources more efficiently than others Better pro...View the full answer

Basic Economics

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