Under Perfect Competition, the Person That Ends Up with the Marginal

question 167

Multiple Choice

Under perfect competition, the person that ends up with the marginal unit is the person that values it

• A) at an amount above its price.
• B) at an amount lower than its price.
• C) exactly at its price.
• D) above its marginal cost.

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Definitions:

Pointer->Member

Syntax used in C/C++ to access a member of a structure or a class through a pointer to that structure or class.

(*Pointer).Member

A way to access a member of a structure to which the pointer points, using the pointer dereference and member access operators.

Union

A union in programming, especially in languages like C, is a type that allows storing different data types in the same memory location.

Memory Locations

Specific addresses in a computer’s memory where data is stored.