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Which of the Following Statements About a Perfectly Competitive Firm

Question 102

Multiple Choice

Which of the following statements about a perfectly competitive firm is necessarily false?


A) There are few substitutes for the firm's product.
B) There are few complements to the firm's product.
C) The firm produces the quantity at which marginal revenue equals marginal cost.
D) The firm sells a product that is identical in the eyes of buyers to any other product sold in the industry.

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