Assignment:
Discussion question - Why do producers hate perfect competition?
The discussion must be 500 to 600 words. The question must be answered with the given sources.
Sources:
1. Demand, Marginal Revenue and Profit Maximization for a Perfect Competitor
2. From Short-run to Long-run in Perfect Competition
3. The "Shut-down Rule" - When should a firm shut down in the face of economic losses?
4. Efficiency in Perfectly Competitive Markets
Attachment:- Lecture on Perfect Competition.rar