Which of the Following Decisions Cannot Be Taken by a Firm

question 71

Multiple Choice

Which of the following decisions cannot be taken by a firm in a perfectly competitive market?

• A)Market exit decision
• B)Market price of the product
• C)Quantity of output it can produce
• D)Entering a market

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Definitions:

All-or-None

A principle that states a neuron fires with the same potency each time, though action is dependent on whether or not the stimulus meets the threshold.

Action Potential

A temporary reversal of the electrical polarization of the membrane of a neuron or muscle cell, allowing for the transmission of signals.

Neuron

A cell of the nervous system that transmits information through electrical and chemical signals.

Postsynaptic Potential

A change in membrane potential of the postsynaptic terminal of a synapse, typically induced by the binding of neurotransmitters.