-In the above figure, if the price is $12 per unit, how many units will a profit maximizing perfectly competitive firm produce?

Question

Quizplus · Accepted Answer

In a perfectly competitive market, a profit-maximizing firm produces where price equals marginal cost (P=MC). If the price is $12, the firm will produce the quantity where the marginal cost is also $12, which is typically given as 30 units in such scenarios.

-In the Above Figure, If the Price Is $12 Per