According to the Oracle at Delphi

question 13

Multiple Choice

According to the oracle at Delphi . . .

• A) Socrates would be tried by Athens
• B) Socrates would be found innocent
• C) Socrates would be condemned to death
• D) There is no one wiser than Socrates

---

Definitions:

Maximize Profits

A strategy or goal where a firm or individual seeks to achieve the highest possible profit from its operations.

Peak Efficiency

The state of operation in which a system or process achieves its maximum output with the lowest input, often ideal in terms of productivity.

Perfectly Competitive Firm

A company that operates in a market where there are many sellers and buyers, the product is homogeneous, and there is free entry and exit from the market.

MR (Marginal Revenue)

The surplus income obtained by selling an extra unit of a product or service.