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    Exam 11: Technology, Production, and Costs
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    The Basic Activity of a Firm Is
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The Basic Activity of a Firm Is

Question 157

Question 157

Multiple Choice

The basic activity of a firm is


A) to set the prices of its products as high as possible.
B) to compete with other firms that produce similar products.
C) to provide jobs for its employees.
D) to use inputs to produce outputs of goods and services.

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