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1 April, 20:53

Quantity of Labor Total Product Total Revenue 1 4 $16 2 8 32 3 11 44 4 13 52 5 14 56 Refer to the given data. We can conclude from the information given that this firm is a

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  1. 1 April, 23:15
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    Pure Competitor

    Explanation:

    A firm is said to be a pure competitor if competition is in stagnation and/or non-competitive. Firms within this category do not we exert control over price.

    The price of the commodities are controlled by the final consumers.

    Notice the uniform change in each column in the question above, it is because, the firm do not have the homogenous power to affect the price, but rather they adjust to it based on the situation of other competitors.
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Home » Business » Quantity of Labor Total Product Total Revenue 1 4 $16 2 8 32 3 11 44 4 13 52 5 14 56 Refer to the given data. We can conclude from the information given that this firm is a
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