Which of the Following Is True of a Perfectly Competitive

question 35

Multiple Choice

Which of the following is true of a perfectly competitive firm?

• A) The firm is a price maker.
• B) If the firm wishes to maximize profits it will produce an output level in which marginal revenue exceeds marginal cost.
• C) The firm will not earn an economic profit in the long run.
• D) The firm's short-run supply curve is its MC curve below its AVC curve.

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The closest planet to the Sun.

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Natural mechanisms that lead to the formation, alteration, and deformation of rocks and Earth materials.

Electromagnetic Energy

Electromagnetic energy is a form of energy that is propagated through space or matter, comprising both electric and magnetic wave components.