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For a Competitive Firm, Which of the Following Is False

Question 95

Multiple Choice

For a competitive firm, which of the following is false?


A) Marginal cost is constant as output changes.
B) Marginal revenue equals price.
C) Profit is maximized when price equals marginal cost.
D) Profit is maximized when marginal revenue equals marginal cost.
E) Producer surplus is zero.

Correct Answer:

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