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From course:

Microeconomic MCQ 1

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Question:

15 A profit maximizing perfectly competitive finn must decide A) only on what price to charge, taking output as fixed. B) both what price to charge and how much to produce. C) only on how much to produce, taking price of the good as fixed. D) only on which industry to join, taking price and output as fixed. E) only on how much revenue it wishes to collect.

Author: Gonza R



Answer:

B) both what price to charge and how much to produce.


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Gonza R
Gonza R