Which of the Following Is NOT True of a Perfectly

question 81

Multiple Choice

Which of the following is NOT true of a perfectly competitive firm?

• A)It faces a perfectly elastic demand curve.
• B)It is unable to influence the market price of the good it sells.
• C)It seeks to maximize revenue.
• D)Relative to the size of the market,the firm is small.

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Definitions:

Careful Practice

Engaging in an activity with intentional focus and attention to detail to improve competency and minimize errors.

Productivity

The measure of the efficiency of production, often evaluated as the output per unit of input in a given time period.

Language

A system of communication using sounds or symbols that enables humans to express thoughts, emotions, ideas, and messages.

Recognize Patterns

The ability to identify recurring shapes, structures, or sequences in sets of information or data.