Examlex
Which of the following is not true for a firm in perfect competition?
Imports
Goods or services brought into one country from another for the purpose of trade or sale.
Cournot Duopolists
A market structure in which two companies assume the other's output to be constant when determining their optimal production levels.
Total Costs
The total of all expenses involved in creating goods or services, encompassing both constant and fluctuating costs.
Daily Profit
The net financial gain or loss a business experiences on a daily basis.
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