**Perfect Competition - Overview, Prerequisites, Example**
https://corporatefinanceinstitute.com/resources/knowledge/economics/perfect-competition/

In order for firms to generate maximum profits, they must determine their optimal output to produce. In a perfect competition, firms produce an output quantity where the marginal costMarginal CostThe Marginal Cost of Production is the cost to provide one additional unit of a product or service. It is a fundamental principle that isof the last unit ... Published: Sep 10, 2020

In order for** firms** to generate maximum profits, they must determine their optimal output to produce. In a** perfect competition, firms** produce an output quantity where the marginal costMarginal CostThe Marginal Cost of Production is the cost to provide one additional unit of a product or service. It is a fundamental principle that isof the last unit ...

**Published:** Sep 10, 2020

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