Explore BrainMass
Share

Explore BrainMass

    a purely competitive market

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    In the short-run for a purely competitive market, a manufacturer will stop production when:

    the total revenue is less than total costs

    the contribution to fixed costs is zero or less

    the price is greater than AVC

    operating at a loss

    a and b

    © BrainMass Inc. brainmass.com October 10, 2019, 2:54 am ad1c9bdddf
    https://brainmass.com/economics/output-and-costs/a-purely-competitive-market-398942

    Solution Preview

    In the short-run for a purely competitive market, a manufacturer will stop production when:

    the total revenue is less than total costs

    the contribution to fixed costs is zero or less

    the price is ...

    Solution Summary

    This answer provides you an excellent discussion on a purely competitive market

    $2.19