Which of the following are true for all firms which are, Ask an Expert

Economics

Which of the following are true for all firms? Which are true for competitive firms only? Which are false for all firms?

a. The firm faces a flat demand for its product

b. The firm faces a flat marginal revenue curve

c. The firm seeks to operate where marginal revenue equals marginal cost

d. The firm seeks to operate where price equals marginal cost

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91711354

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