If the products of two firms are homogeneous,then they
A) Are perfect substitutes.
B) Differ from each other.
C) Must be used together.
Correct Answer:
Verified
Q21: If a firm decides to make the
Q22: Profit per unit is equal to
A)Price divided
Q23: In a competitive market,
A)Buyers don't have market
Q24: The behavior expected in a competitive market
Q25: To maximize profits,a competitive firm will seek
Q27: If a firm finds that its marginal
Q28: Perfectly competitive firms cannot individually affect market
Q29: Which of the following is characteristic of
Q30: The competitive market model is important because
A)It
Q31: Which of the following characterizes a firm
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