题目内容

A perfectly competitive firm ( )

A. chooses its price to maximize profits.
B. sets its price to undercut other firms selling similar products.
C. takes its price as given by market conditions.
D. picks the price that yields the largest market share.

查看答案

搜索结果不匹配？点我反馈

更多问题

For a profit-maximizing monopoly that charges the same price to all consumers, what is the relationship between price P, marginal revenue MR, and marginal cost MC? ( )

A. P = MR and MR = MC.
B. P > MR and MR = MC.
C. P = MR and MR > MC.
D. P > MR and MR > MC.

In the long-run equilibrium of a competitive market with identical firms, what is the relationship between price P, marginal cost MC, and average total cost ATC? ( )

A. P > MC and P > ATC.
B. P > MC and P = ATC.
C. P = MC and P > ATC.
D. P = MC and P = ATC.

An important element of the market process is that people trade voluntarily and all parties expect to benefit. ( )

If there is a way to change a situation so that at least some people gain while no one in the economy loses, the situation is economically efficient. ( )