Respuesta :
The MC equals minimum ATC curve conditions that are true when an average, or representative, firm in a purely competitive industry is in long-run equilibrium.
An aggressive industry allows corporations to freely input and exit the marketplace and has few limitations to access. for instance, the market for pizza restaurants in a certain massive city is probably exceedingly competitive, in view that anyone can pick to open a brand new pizza shop, and current owners can close their doors whenever they please.
If a specific industry has a completely excessive quantity of companies offering the same goods or offerings, this will result in more competitive depth. but, in a monopoly or oligopoly market structure that is dominated by means of just one or a few companies, there will be less competition.
the competitive benefit is fixed characteristics that deliver companies leverage over their opposition. It lets businesses provide their goal marketplace with a service or product with better value than enterprise competition. the energetic competition calls for organizations to strive to decrease their prices and enhance the pleasantness of their services and products. opposition stimulates corporations to decrease their personal fees and run their businesses as correctly as viable.
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