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Author Question: A perfectly competitive firm maximizes its profits by (Read 77 times)

Tiffanyanne824

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on: Oct 12, 2022

Question 1

If a perfectly competitive firm in the short run is producing where P = ATC = MC, this firm is
◦ on the downward-sloping portion of its demand curve.
◦ earning economic profits.
◦ at its profit-maximizing output level.
◦ incurring losses.
◦ obliged to shut down.

Question 2

A perfectly competitive firm maximizes its profits by
◦ choosing the optimal level of output.
◦ choosing the optimal price.
◦ maximizing total sales.
◦ pricing slightly under its competitors.
◦ maximizing total revenue.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Tiffanyanne824 on Oct 12, 2022

DevinBrifm

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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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Tiffanyanne824

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

epscape

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Reply 3 on: Yesterday
Wow, this really help

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