A firm's most efficient output is
A) always its most profitable output.
B) at the minimum point of its ATC curve.
C) at the minimum point of its AVC curve.
D) impossible to finD.
Correct Answer:
Verified
Q159: The perfect competitor's demand curve is
A)perfectly elastic.
B)perfectly
Q160: Q161: If perfect competitors are losing money in Q162: The perfect competitor can make a profit Q163: When economists say that perfect competition has Q165: In the long run the perfect competitor's Q166: Which of the following is a characteristic Q167: Which is the most accurate statement? Q168: In the long run the perfect competitor Q169: The perfect competitor's demand curve is perfectly
A)only
A)There are
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