For a Competitive Firm, Which of the Following Is False

question 95

Multiple Choice

For a competitive firm, which of the following is false?

• A)Marginal cost is constant as output changes.
• B)Marginal revenue equals price.
• C)Profit is maximized when price equals marginal cost.
• D)Profit is maximized when marginal revenue equals marginal cost.
• E)Producer surplus is zero.

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Definitions:

Followership Literature

Academic and professional discussions and writings on the role, behaviors, and types of followers in the leadership dynamic.

Ritualistic Groups

Groups that follow repetitive and symbolic practices or ceremonies, often as part of their tradition or culture.

Personal Need

An individual's basic or psychological requirement that is essential for maintaining well-being and achieving personal fulfillment.

Authentic Leadership

A leadership approach that emphasizes being genuine and transparent in interactions, leading with conviction and integrity.