We know that a perfectly competitive firm is a price taker because

Loraine

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8 years ago

We know that a perfectly competitive firm is a price taker because

We know that a perfectly competitive firm is a price taker because
A) its MC curve slopes upward.
B) its ATC curve is U-shaped.
C) its demand curve is horizontal.
D) MC and ATC are equal at the profit-maximizing amount of output.
E) it has no supply curve.

Textbook

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Smoooth

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8 years ago

Don't mention it Happy Dummy

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