What Is One Reason Perfectly Competitive Firms Wish to Be

question 38

Multiple Choice

What is one reason perfectly competitive firms wish to be ever more efficient?

• A) Individual firms are awarded by the tax code to be more efficient.
• B) Individual firms can better control their costs than the price they can charge.
• C) Individual firms can better control their costs than their output levels.
• D) Individual firms don't need to be efficient; government policies do not reward efficiency.