Explain why a perfectly competitive firm can sell


Discussion Post: Explicit Implicit Cost

• Explain the difference between explicit and implicit costs and use these concepts to explain why accounting profit may overstate the profitability of a company.

• Explain why a perfectly competitive firm can sell as much as it wants at the market price but a monopolist must lower its price to sell more.

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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Microeconomics: Explain why a perfectly competitive firm can sell
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