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Which of the following statements about perfect competition is true Select one: a. Firm has only one major decision to m
Posted: Thu May 19, 2022 8:51 am
by answerhappygod
- Which Of The Following Statements About Perfect Competition Is True Select One A Firm Has Only One Major Decision To M 1 (19.46 KiB) Viewed 114 times
Which of the following statements about perfect competition is true Select one: a. Firm has only one major decision to make - at what price to produce? b. The marginal revenue curve is a horizontal line c. The firm will decide to remain in the market when marginal revenue equals to marginal cost. d. If the price less than the average total cost the firm will shutdown immediately.