Explore BrainMass
Share

a purely competitive market

This content was STOLEN from BrainMass.com - View the original, and get the 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 September 20, 2018, 6:35 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