For a Perfectly Competitive Firm, Which of the Following Is

question 209

Multiple Choice

For a perfectly competitive firm, which of the following is not true at profit maximisation?

• A)Market price is greater than marginal cost.
• B)Marginal revenue equals marginal cost.
• C)Total revenue minus total cost is maximised.
• D)Price equals marginal cost.

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Definitions:

Genetics

The branch of biology that deals with heredity and variation in organisms, explaining how traits are passed from parents to offspring.

Social

Refers to activities, practices, or situations involving interaction among individuals within a society.

Brain Capacity

Refers to the volume or size of the brain, often related to cognitive ability, processing power, and information storage capabilities.

Solitary Life

A lifestyle choice or condition where an individual prefers or happens to spend most of their time alone, away from social interactions.