Firms with market power must decide all of the following except
A) how much to supply in each input market.
B) how much to produce.
C) how to produce it.
D) what price to charge for their output.

Question

Quizplus · Accepted Answer

Firms with market power do indeed decide on how much to produce, how to produce it, and what price to charge for their output. However, deciding how much to supply in each input market is not typically a decision related to market power but rather a decision related to the firm's role as a buyer in input markets, which is influenced by other factors such as production technology and input prices.

Firms with Market Power Must Decide All of the Following