To maximize its profit, in the short run a perfectly competitive firm decides
A) what price to charge for its product.
B) what quantity of output to produce.
C) whether to exit the market.
D) whether to increase the size of its plant.
E) how much advertising it should undertake.
B
Economics
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The relationship between real consumption spending and real disposable income
A) is direct. B) is inverse. C) plots a vertical line. D) plots a horizontal line.
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Which of the following is entrusted with the responsibility of settling trade disputes between countries?
a. The European Union b. The International Monetary Fund c. The World Trade Organization d. The International Labor Organization e. The United Nations Organization
Economics