What must any future computer company that wants to enter this perfectly competitive market make sure it can do in order to be profitable?

Every future computer company should ensure that it has enough cost minimization strategies to protect itself from losses. Since the price is constant in the perfectly competitive market, the only way to increase the profit range is by diminishing the cost of producing the devices. Businesses in perfect competition are price takers and thus lack the power to control prices. They sell their products at the equilibrium price and cannot raise the prices because of any attempt to decrease sales, leading to losses. Since the price is consistent, the business must target making the highest sales to increase its revenue.

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Academic.Tips. (2022) 'What must any future computer company that wants to enter this perfectly competitive market make sure it can do in order to be profitable'. 9 October.

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Academic.Tips. (2022, October 9). What must any future computer company that wants to enter this perfectly competitive market make sure it can do in order to be profitable? https://academic.tips/question/what-must-any-future-computer-company-that-wants-to-enter-this-perfectly-competitive-market-make-sure-it-can-do-in-order-to-be-profitable/

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Academic.Tips. 2022. "What must any future computer company that wants to enter this perfectly competitive market make sure it can do in order to be profitable?" October 9, 2022. https://academic.tips/question/what-must-any-future-computer-company-that-wants-to-enter-this-perfectly-competitive-market-make-sure-it-can-do-in-order-to-be-profitable/.

1. Academic.Tips. "What must any future computer company that wants to enter this perfectly competitive market make sure it can do in order to be profitable?" October 9, 2022. https://academic.tips/question/what-must-any-future-computer-company-that-wants-to-enter-this-perfectly-competitive-market-make-sure-it-can-do-in-order-to-be-profitable/.


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Academic.Tips. "What must any future computer company that wants to enter this perfectly competitive market make sure it can do in order to be profitable?" October 9, 2022. https://academic.tips/question/what-must-any-future-computer-company-that-wants-to-enter-this-perfectly-competitive-market-make-sure-it-can-do-in-order-to-be-profitable/.

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"What must any future computer company that wants to enter this perfectly competitive market make sure it can do in order to be profitable?" Academic.Tips, 9 Oct. 2022, academic.tips/question/what-must-any-future-computer-company-that-wants-to-enter-this-perfectly-competitive-market-make-sure-it-can-do-in-order-to-be-profitable/.

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