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STatiana [176]
3 years ago
5

A perfectly competitive firm, with MC=q operates in a market character,zed by the following market demand and supply conditions:

Business
1 answer:
PolarNik [594]3 years ago
6 0

Answer:

Since a perfectly competitive firm must accept the price for its output as determined by the product’s market demand and supply, it cannot choose the price it charges. Rather, the perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price. When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.

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A __ is usually one of the first things a prospective employer sees when you apply for a job, so it is important to highlight yo
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Balsco's balance sheet shows total assets of $238,000 and total liabilities of $107,000. 11) The firm has 55,000 shares of stock
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Answer:

A) $474,000

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3 years ago
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Answer:

<u>Letter D is correct. C</u>ompare the benefits and costs associated with any economic project or activity.

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