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Concept Version 8
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Profit

Total Profit Maximization

Total Profit Maximization

This linear total revenue curve represents the case in which the firm is a perfect competitor in the goods market, and thus cannot set its own selling price.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Profit max total small."
    http://commons.wikimedia.org/wiki/File:Profit_max_total_small.svg Wikimedia CC BY-SA.

Related Terms

  • Total Revenue
  • Total cost
  • marginal revenue
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