In perfect competition,P = MC means
A) Profit equals marginal cost.
B) Price equals market cost.
C) Price equals marginal cost.
D) Profit equals market cost.
Correct Answer:
Verified
Q43: When businesses have market power,they are able
Q44: Q45: Q46: Natural monopolies have been slowly eroded by Q47: In a market where businesses are earning Q49: If a local diner can sell 50 Q50: A _ makes it more difficult for Q51: Which of the following is NOT an Q52: Government regulations,such as zoning laws,can act as Q53: The local department store used to be
A)
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents