If a Multi- Plant Firm with Market Power Is Maximizing

question 104

Multiple Choice

If a multi- plant firm with market power is maximizing its profits, the price it charges per unit of its product will _______ its ______.

• A)equal; overall marginal cost
• B)exceed; demand
• C)exceed; overall marginal cost
• D)equal; overall average cost

---

Definitions:

Current Assets

Resources anticipated to be liquidated, disposed of, or used up within a year or throughout the usual business cycle.

Long-term Investments

Assets that a company intends to hold for more than one fiscal year, including stocks, bonds, real estate, and other financial instruments.

Intangible Assets

Non-physical assets that have value, such as intellectual property, brand recognition, and patents.

Prepaid Expenses

Payments for goods or services that will be received in the future, which are recorded as assets until they are actually used or consumed.