In a pure competition market, producers should produce and sell where P = MC. Why? Why couldn't

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In a pure competition market, producers should produce and sell where P = MC. Why? Why couldn't they price their product above MC or wherever they want? Explain your reasons.

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Posted Date: Oct 18, 2018 01:26 AM

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In a pure competition market, producers should produce and sell where P = MC. Why? Why couldn't

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Managerial Economics

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