In Perfect Competition,the Profit-Maximizing Volume Is the Quantity at Which

question 122

Multiple Choice

In perfect competition,the profit-maximizing volume is the quantity at which ________.

• A)marginal cost equals marginal revenue
• B)contribution margin equals fixed cost
• C)marginal revenue equals price
• D)price exceeds marginal cost

---

Definitions:

Exporting

The act of selling products or services produced in one country to buyers in other countries.

Global Sourcing

The practice of sourcing goods and services from the global market across geopolitical boundaries, aiming to exploit global efficiencies in the delivery of a product or service.

Intellectual Property Rights

Legal rights granted to individuals or organizations over their creations, ideas, designs, and inventions, allowing them to control and profit from their use.

Foreign Exchange

The process of converting one currency into another currency, an essential aspect of global commerce and finance.