Since a Perfectly Competitive Firm Is Assumed to Be a Price-

question 13

Multiple Choice

Since a perfectly competitive firm is assumed to be a price- taker:

• A)its profit function is linear.
• B)marginal revenue is less than price.
• C)its total- revenue function is linear.
• D)its average revenue is less than price.

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Definitions:

Paraphilic Behaviors

Unusual or abnormal sexual behaviors or impulses towards objects, situations, or individuals, outside of cultural norms.

Anal Sex

Sexual activity involving penetration of the anus, practiced by people of all sexual orientations for pleasure or intimacy.

Transvestism

The practice of dressing in clothes traditionally associated with the opposite sex, primarily for reasons other than sexual arousal or gratification.

Noncoercive Paraphilia

Harmless and victimless paraphilia sexual behavior.