As the equilibrium price falls in a perfectly competitive market,so do firms':

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In a perfectly competitive market, firms are price takers and must accept the market price for their goods. As the equilibrium price falls, all firms in the market will experience a decrease in revenue. Since costs in the short run are typically fixed or semi-fixed, the decrease in revenue will result in lower profits. Thus, as the equilibrium price falls, firms' revenue and profits will also fall.

As the Equilibrium Price Falls in a Perfectly Competitive Market,so