Once a Firm Has Determined the Quantity of Output It

question 9

Multiple Choice

Once a firm has determined the quantity of output it wishes to sell,the price it can charge is determined by:

• A)the cost of making the product.
• B)the demand curve that the firm faces.
• C)market demand for the product minus cost.
• D)the explicit cost of making the product plus the implicit costs incurred by the firm owner.