If a Perfectly Competitive Firm Finds That It Is Producing

question 111

Multiple Choice

If a perfectly competitive firm finds that it is producing an amount of output such that MR > MC and P > AVC, it will

• A) leave the industry.
• B) decrease its output.
• C) increase its output.
• D) not change its behavior.

---

Definitions:

Positive Psychology Coaching

A coaching approach that focuses on leveraging strengths and fostering well-being to achieve personal and professional development.

Life Strategies Coaching

A guidance process aimed at helping individuals identify their goals, challenges, and potentials to develop plans for personal or professional growth.

Behavioral Retraining

A process of teaching new responses to replace undesirable behaviors in order to improve psychological well-being or enhance social skills.

Flexible/Rigid

A characteristic describing the adaptability and openness to change (flexible) versus resistance to change and strict adherence to rules without compromise (rigid).