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Author Question: When economists say that a perfectly competitive firm is a "quantity adjuster," they mean that (Read 142 times)

mccallkeeler

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on: Oct 12, 2022
When economists say that a perfectly competitive firm is a "quantity adjuster," they mean that
◦ it adjusts its output in response to changes in prices.
◦ changing the output level does not affect the costs of production.
◦ it is not concerned with cost factors.
◦ it can vary its output by an infinite amount.
◦ its marginal-cost curve coincides with its own demand curve.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mccallkeeler on Oct 12, 2022

feiojef

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mccallkeeler

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Reply 2 on: Oct 12, 2022
Wow, this really help

epscape

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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