If both input and output markets are competitive and firms are profit – McqOptions

MCQOPTIONS

1.	If both input and output markets are competitive and firms are profit maximizing, then in equilibrium each factor of production earns ?
A.	an amount equal to the price of output times total output
B.	the amount allocated by the political process
C.	an equal share of output
D.	the value of its marginal product
Answer» E.

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