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huneymarie
24.08.2019 •
Business
1. 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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Ответ:
In that condition, Buyers will make their decision based on price ( since all product's quality is possible)
That's why producers should sell where p=MC, which mean they should sell in the lowest price possible to be able to compete with other competitors
Ответ: