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klemol [59]
3 years ago
9

A perfectly competitive firm will maximize profit or minimize losses in the short run by producing at the point where:

Business
1 answer:
Marina CMI [18]3 years ago
6 0

Answer:

The correct answer is option C.

Explanation:

A perfectly competitive firm faces a horizontal line demand curve at the market-determined price. This demand curve also represents average revenue and marginal revenue.  

The firm is able to maximize profits or minimize loss at the point where the marginal cost is equal to the price or marginal revenue and the price is such that the average fixed cost is being covered.  

In the short run, some costs are fixed while others are variables, a firm is able to minimize losses if the price is greater than AFC. But in the long run, all costs are variable so price should be either higher than or equal to ATC to maximize profits and minimize losses.

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Consider a second-price, sealed-bid auction with a seller who has one unit of the object which he values at s and two buyers 1,
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Answer and Explanation:

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Truthfulness of true value is the dominant strategy here which means each player should aim to be truthful with their bid regarding their true value regardless of what other bidders are bidding. Therefore truthfulness of value is the optimal strategy with the best payoff for bidders

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3 years ago
What did stan uris do after he received a phone call from mike?
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2 years ago
Discuss the tradeoffs between fiber-optic and satellite communication in terms of costs, signal capacity, signaling method, inte
mylen [45]

Answer:

Explanation:

I will split this answer into two options...

Fiber Optic communications work by sending data through beams of light through a series of fiber cables. This allows for data transfer at incredibly high speeds and with an almost non-existent probability of data loss. Since cables need to be connected from one end-point to another this form of communication becomes more expensive and the capability of reconfiguration becomes incredibly difficult. The likelihood of failure is also very low due to the nature of the technology.

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2 years ago
Gabriella's business hasn't been doing well. She has a retail store where she is selling dog treats, baby clothes, and high-end
swat32
I'm pretty sure it's "<span>She hasn't developed a targeted niche."
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2 years ago
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11111nata11111 [884]

Answer:

The correct answer is the option D: communication.

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