Rob Warren @BikesandBitcoin · 05 Aug 2022
In a near perfectly competitive market (#bitcoin mining) a long-term equilibrium settles on: Marginal Revenue = Marginal Cost; (MC = MR) - Only in the short run can a firm in a perfectly competitive market make an economic profit. https://t.co/soP4O42Npf
0Views
6Likes
0Reposts
1Replies
1Quotes
0Bookmarks