If a Perfectly Competitive Firm Maximizes Short-Run Profits, Its Marginal

question 116

True/False

If a perfectly competitive firm maximizes short-run profits, its marginal revenue will be positive and less than its price.

---

Definitions:

Electronegativity

A measure of the tendency of an atom to attract a bonding pair of electrons.

Periodic Table

A tabular arrangement of chemical elements organized by their atomic number, electron configuration, and recurring chemical properties.

Polar Covalent Bond

A type of chemical bond where a pair of electrons is unequally shared between two atoms, resulting in a distribution of charge.

Molecules

Collections of atoms linked in a way that forms the smallest essential part of a chemical compound capable of participating in a chemical reaction.