Since a perfectly competitive firm can sell as much as it wishes at the market price, why
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Since a perfectly competitive firm can sell as much as it wishes at the market price, why can the firm not simply increase its profits by selling an extremely high quantity?
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In a perfectly competitive market a firm is considered a price taker which means it can sell as much as it wishes at the market price However there is ...View the full answer
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I am a Mechanical Engineering sophomore at The American University in Cairo. I was an IGCSE student. I believe that I am incredibly talented in Mathematics and mechanics. As a proof of this, I achieved 100/100 in both Mechanics 1 and Mechanics 2 in my IGCSE's. I also achieved 300/300 in Edexcel Mathematics A2 Level in high-school. When I first joined university, I was the only student, out of not less than 20 students, to pass Calculus 1 exemption test. I also achieved 100% in Calculus 2 and in Engineering mechanics 1 in university. Moreover, I maintain a GPA of 4.0/4.0 in university. This is my first experience as an actual tutor. However, I have always been passionate about teaching. I always explain difficult concepts to my friends and I help them achieve good grades. Many of my high-school teachers have offered me to work as their teaching assistant, but I refused because I did not have time back then.
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