If a Perfectly Competitive Firm Is Maximizing Its Profit and Is

question 149

Multiple Choice

If a perfectly competitive firm is maximizing its profit and is making an economic profit,which of the following is correct?
i.Price equals marginal revenue.
ii.Marginal revenue equals marginal cost.
iii.Price is greater than average total cost.

• A) i only
• B) i and ii only
• C) ii and iii only
• D) i and iii only
• E) i, ii, and iii

Comprehend the role of interest groups within the pluralist democratic model.

Understand the role of the nurse as an educator and the different educational needs of patients, families, and staff.

Identify appropriate educational and certification programs for healthcare professionals.

Recognize the significance of legal and ethical guidelines in nursing practice.