The most efficient level of output for a perfect competitor
A) is greater in the short run than the long run.
B) occurs when average costs are rising.
C) is not necessarily good news for the consumer.
D) in the long run is also the cheapest level of output.
Correct Answer:
Verified
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Q191: The firm's most efficient output would be
A)70
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Q198: The profit-maximizing/loss-minimizing level of output
A)50.
B)80.
C)100.
D)120.
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