The only decision that a perfectly competitive firm makes is:
a. what price to charge.
b. what quantity to produce.
c. how much to spend on advertisements.
d. how much to discriminate on the basis of price.
e. how to differentiate its products from its rivals.
b
Economics
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During periods of poor economic performance, real GDP
A) declines and unemployment declines. B) is unchanged but unemployment rises sharply. C) declines and unemployment rises. D) declines but unemployment typically does not change.
Economics
Diminishing marginal returns and diseconomies of scale are two different names for the same thing
Indicate whether the statement is true or false
Economics