Multiple Choice
If there is perfect certainty, a competitive firm will necessarily
A) seek to maximize its immediate profits rather than long-run returns because otherwise it will go broke.
B) maximize the ratio of the present value of its sales to the present value of its costs.
C) equalize its profits in all periods.
D) equalize its sales in all periods.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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