If a Perfectly Competitive Firm Is Producing at Its Profit-Maximizing

question 75

Multiple Choice

If a perfectly competitive firm is producing at its profit-maximizing output in the short run and fixed costs decline,the firm should

• A)Use less capital but increase output by hiring more labor.
• B)Not change output.
• C)Reduce output.
• D)Increase output.

---

Definitions:

Unfair Practice

Deceptive, fraudulent, or unethical conduct by a business that misleads consumers or prevents competitors from playing on a level playing field.

Section 5

Without specific context, this could refer to various laws or regulations, depending on the jurisdiction; it generally denotes a particular section of a legal statute.

Fair Debt Collection Practices Act

A U.S. statute aimed at promoting fair, accurate, and respectful treatment of consumers by debt collectors, and providing guidelines on how debt can be collected.

Harassment

Unwelcome or unwanted conduct, behavior, or actions that may cause a person to feel distressed, intimidated, or offended.