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Use the Figure Below to Answer the Following Questions

Question 109

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions. Figure 12.1.1 -Refer to Figure 12.1.1. The firm competes in a perfectly competitive market. Curve A is a straight line because the firm A) is a price taker. B) faces constant returns to scale. C) wants to maximize profits. D) has perfect information. E) has constant marginal cost.
Figure 12.1.1
-Refer to Figure 12.1.1. The firm competes in a perfectly competitive market. Curve A is a straight line because the firm


A) is a price taker.
B) faces constant returns to scale.
C) wants to maximize profits.
D) has perfect information.
E) has constant marginal cost.

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