Answered: In a perfectly competitive market, each…

In a perfectly competitive market, each firm produces its last unit at the same marginal cost. a unique marginal cost. one of two marginal costs. one of several marginal costs.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In a perfectly competitive market, each firm produces its last unit at
the same marginal cost.
a unique marginal cost.
one of two marginal costs.
one of several marginal costs.
O

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