What is meant by a firm in perfectly competitive market


Problem

What is meant by a firm in perfectly competitive market? For a given price , explain how the firm chooses the level of output that maximizes profit. Also show suitable diagram presentation.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What is meant by a firm in perfectly competitive market
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