Under both perfect competition and monopoly. a firm:
A. Faces a perfectly elastic demand curve.
B. Sells at a price equal to the minimum average total cost.
C. Sells at a price equal to marginal cost
D. Maximizes profit by setting marginal cost equal to marginal revenue.

Question

05-07-2024
Business

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Under both perfect competition and monopoly. a firm:
A. Faces a perfectly elastic demand curve.
B. Sells at a price equal to the minimum average total cost.
C. Sells at a price equal to marginal cost
D. Maximizes profit by setting marginal cost equal to marginal revenue.

Sagot :

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