In a short-run equilibrium for a perfectly competitive market,the quantity supplies equals the quantity demanded and firms maximize profit.

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In a short-run equilibrium for a perfectly competitive market, the price is determined by the intersection of the supply and demand curves, at which the quantity supplied equals the quantity demanded, and firms in the market are earning maximum profit or at least covering their variable costs.

In a Short-Run Equilibrium for a Perfectly Competitive Market,the Quantity