![]() This is because profits at any level higher than that would draw new firms into the market and automatically bring profits back down to a normal level. Profits are limited for firms-they are only able to make enough to keep their business going, rather than any additional profits. Where there is perfect competition, prices are a direct representation of the forces of supply and demand.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |