The First-Order Conditions for Profit Maximization in a Perfectly Competitive

question 9

Multiple Choice

The first-order conditions for profit maximization in a perfectly competitive market are:

• A) P − (dC(Q)/dQ) = 0.
• B) (dR(Q)/dQ) − (d²C(Q)/dQ²) < 0.
• C) P − (d²C(Q)/dQ²) = 0.
• D) P > (dC(Q)/dQ).

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