A Firm Has the Following Cost Structure

question 115

Multiple Choice

A firm has the following cost structure:

If this firm is in a typical perfectly competitive market,in the long run it will likely produce

• A) 4 or fewer units of output.
• B) 5 units of output.
• C) more than 5 units of output.
• D) None of the above are necessarily correct because there is not enough information to tell.

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Definitions:

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Inclusive, covering all or nearly all elements or aspects of something.

Ableism

Discrimination against those who have disabilities on the basis of preconceived notions about their limitations.

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