Perfectly competitive firms and monopolist firms both maximize profit where
a. price equals marginal cost
b. total revenue is maximized
c. average total cost is minimized
d. marginal cost equals marginal revenue
e. price is as high as possible
D
Economics
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If you purchase a Treasury bond, the Treasury bond is
A) an asset to you as well as an asset to the U.S. government. B) an asset to you, but a liability to the U.S. government. C) a liability to you, but an asset to the U.S. government. D) a liability to you as well as a liability to the U.S. government.
Economics
The net increase in a country's stock of international reserves over a year is called a(n):
A. trade surplus. B. balance-of-payments deficit. C. trade deficit. D. balance-of-payments surplus.
Economics