Which of the Following Best Explains Why a Firm in a Perfectly

question 86

Multiple Choice

Which of the following best explains why a firm in a perfectly competitive market must take the price determined in the market?

• A) The short-run average total costs of firms that are price takers will be constant.
• B) If a price taker increased its price, consumers would buy from other suppliers.
• C) Firms in a price-taker market will have to advertise to increase sales.
• D) There are no good substitutes for the product supplied by a firm that is a price taker.

---

Definitions:

Patient Safety

The prevention of errors and adverse effects to patients associated with health care.

Health Care Error

Health care error refers to a preventable mistake in the delivery of health care services that may lead to patient harm or adverse outcomes.

Adverse Events

Unintended harm or complications resulting from medical treatment or procedures.

Time Management

The ability to use one's time effectively or productively, especially at work or in daily activities.