In Perfect Competition, a Firm's ________ Curve Is Horizontal

question 83

Multiple Choice

In perfect competition, a firm's ________ curve is horizontal.

• A) marginal cost
• B) total revenue
• C) marginal revenue
• D) total cost.

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Definitions:

Six-Months' Notice

A requirement to alert or inform someone or a party about something six months in advance.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment, in exchange for mandatory relinquishment of the employee's right to sue their employer.

Course of Employment

Pertains to the activities an employee does within the scope of their job or duties as authorized or expected by their employer.

Family and Medical Leave Act

A United States federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.