The first-order conditions for profit maximization in a perfectly competitive market are:
A. (dR(Q)/dQ) ? (d2C(Q)/dQ2) < 0.
B. P > (dC(Q)/dQ).
C. P ? (dC(Q)/dQ) = 0.
D. P ? (d2C(Q)/dQ2) = 0.
Answer: C
Economics
You might also like to view...
The principal-agent problem is the issue of inducing
A) agents and principals to work hard. B) principals to act in the best interests of agents. C) agents to act in the best interests of principals. D) None of the above answers is correct.
Economics
What is the United States' primary trade promotion initiative with Africa?
What will be an ideal response?
Economics