For Firms That Sell One Product in a Perfectly Competitive

question 127

Multiple Choice

For firms that sell one product in a perfectly competitive market,the market price:

• A)is taken as a constant by individual firms.
• B)will not be influenced by one firm's output decision.
• C)is equal to the average revenue of a firm.
• D)All of these are true.

---

Definitions:

Double-Spaced

Refers to a text formatting style where each line of text is followed by a blank line, commonly used in documents for easier reading and marking.

Right-Aligned

Text or content that is aligned with the right margin or edge of a page or container.

Paste Options Button

A feature in applications that allows users to choose how copied or cut content will be pasted.

Drag-And-Drop

A method of moving or copying items between areas on a screen or between applications, using a pointing device like a mouse.