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The Second-Order Condition for a Firm Maximizing Its Profits Operating

Question 144

Multiple Choice

The second-order condition for a firm maximizing its profits operating in a perfectly competitive market is:

A) (d²/dQ²) < 0.
B) − (d²C(Q) /dQ²) < 0.
C) − (dMC/dQ) < 0.
D) All of the statements associated with this question are correct.

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