In perfect competition a firm maximizes profit by _____. – McqOptions

MCQOPTIONS

1.	In perfect competition a firm maximizes profit by _____.
A.	setting price such that price is equal to or greater than its marginal costs
B.	setting output such that price equals average total costs
C.	setting output such that price equals marginal costs
D.	setting price so that it is greater than marginal cost
Answer» D. setting price so that it is greater than marginal cost

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