As Long as It Does Not Shut Down, a Profit-Maximizing

question 380

Multiple Choice

As long as it does not shut down, a profit-maximizing perfectly competitive firm will

• A) always earn an economic profit.
• B) produce so that marginal revenue equals marginal cost.
• C) produce so that price equals average cost.
• D) never set its price equal to its marginal revenue.

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Definitions:

Interactive

Involving communication or direct involvement from two or more parties, especially in the context of digital platforms.

Social Media Management

The process of creating, scheduling, analyzing, and engaging with content posted on social media platforms.

Sprinklr

A comprehensive customer experience management platform that enables organizations to manage customer interactions across various digital channels.

Competitor

A person or business that is in the same industry or market as another and competes for the same customers or resources.