-If This Firm Were a Perfect Competitor,at What Price Would

question 162

Multiple Choice

-If this firm were a perfect competitor,at what price would it charge in the long run?

• A)$10.10
• B)$12.80
• C)$14.20
• D)$15.90

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Definitions:

Disposable Income

Money available to families for savings and expenses after accounting for income taxes.

C+ I

An economic term representing total consumption (C) and investment (I) in an economy, key components of the gross domestic product (GDP).

Disposable Income

The amount of money that households or individuals have available for spending and saving after income taxes have been accounted for.

Disposable Income

Available financial resources for households to save and spend, post-income tax deductions.