When a firm is a price searcher, its marginal revenue is
A) equal to price because the firm's demand curve is perfectly elastic.
B) equal to price if, and only if, the firm is maximizing profits.
C) less than price when the firm is maximizing profits.
D) equal to average total cost at the long-run equilibrium output rate.
Correct Answer:
Verified
Q185: Which of the following would be most
Q186: Which of the following is characteristic of
Q187: If a price-searcher firm can sell nine
Q188: If a firm in a competitive price-searcher
Q189: If marginal cost exceeds marginal revenue, a
Q191: If Dell Computer finds that its marginal
Q192: Which of the following is true for
Q193: Which of the following must be true
Q194: If a firm in a competitive price-searcher
Q195: In a competitive price-searcher market, the marginal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents