Multiple Choice
Which statement is true?
A) Most firms in the United States are perfect competitors.
B) In order for perfect competition to exist there must either be many firms in the industry or all firms must make an identical product.
C) The perfect competitor never produces at the minimum point of her ATC.
D) None of the statements are true.
Correct Answer:
Verified
Related Questions
Q76: Under perfect competition there must be
A)perfect mobility
Q77: Which statement is true?
A)A firm will operate
Q78: Q79: If the price were $25,this firm would Q80: If all firms in a perfectly competitive
