Of the Following Characteristics,which One Applies Only to a Perfectly

question 78

Multiple Choice

Of the following characteristics,which one applies only to a perfectly competitive firm?

• A) It always earns a profit.
• B) It seeks only to minimize cost.
• C) It can sell all it wants to at the market price.
• D) It will never earn a profit.
• E) It has a narrow range of prices it can charge for its output.

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Definitions:

Methods

Functions or procedures associated with a class or object in object-oriented programming, used to perform specific operations or behaviors.

Collection Class

A class in programming that implements the collection interface, providing data structures for storing and manipulating groups of objects.

Objects

Instances of classes in object-oriented programming, representing entities with state and behavior.

Values

In programming, data assigned to variables, or the actual information processed by computer programs.