In a Perfectly Competitive Market,the Type of Decision a Firm

question 11

Multiple Choice

In a perfectly competitive market,the type of decision a firm has to make is different in the short run than in the long run.Which of the following is an example of a perfectly competitive firm's short-run decision?

• A) the profit-maximizing level of output
• B) how much to spend on advertising and sales promotion
• C) what price to charge buyers for the product
• D) whether or not to enter or exit an industry
• E) whether or not to change its plant size