Scenario 9.2 Consider a Publicly Held Firm (One Whose Stock Shares Are

Multiple Choice

Scenario 9.2
Consider a publicly held firm (one whose stock shares are traded on the stock exchange) that earned revenue worth $350 million and incurred land, labor, and debt costs worth $320 million. The stockholders who have invested a total of $100 million in this firm could have earned 10 percent return on other comparable investments.
-A perfectly competitive firm's pricing decision depends on:

A) whether the firm wants to maximize profits or not.
B) whether the firm wants to maximize sales revenue or not.
C) the firm's costs.
D) whether it wants to compete with other firms in the market or not.
E) the market supply and demand.