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Exhibit 23-9 -Refer to Exhibit 23-9. the Reason We Know the Firm

Question 177

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Exhibit 23-9
Exhibit 23-9 -Refer to Exhibit 23-9. The reason we know the firm represented in the exhibit is a price searcher and not a price taker is because A) its total costs rise as more output is produced and sold. B) it has to lower price to sell additional units of its good. C) marginal revenue is not constant for all given levels of output. D) at some levels of output it earns negative profit. E) b and c
-Refer to Exhibit 23-9. The reason we know the firm represented in the exhibit is a price searcher and not a price taker is because


A) its total costs rise as more output is produced and sold.
B) it has to lower price to sell additional units of its good.
C) marginal revenue is not constant for all given levels of output.
D) at some levels of output it earns negative profit.
E) b and c

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