A Firm That Is Perfectly Competitive Will Continue to Hire

question 3

Multiple Choice

A firm that is perfectly competitive will continue to hire factor units as long as

• A)MRP < MFC.
• B)MRP > MFC.
• C)VMP < MFC.
• D)MC > MR.

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Definitions:

Suppliers

Businesses or individuals that provide goods or services to other businesses or consumers, usually in a B2B (business-to-business) context.

Customers

Individuals or entities that purchase goods or services from a company or business.

Firewall

Limits data transfers to certain locations and log system use so that managers can identify attempts to log on with invalid passwords and other threats to a system’s security.