When a manufacturer maximizes profits in a competitive market, the market price must be equal to the average cost.
举一反三
- When an oligarch alone chooses the level of production that maximizes profits. It Charges A: The price charged by a monopoly is greater than the price charged by a competitive market B: A price less than that charged by a monopoly and greater than that charged by a competitive market C: The price charged in a monopoly or competitive market D: Less than the price charged in a monopoly or competitive market.
- 中国大学MOOC: A profit-maximizing firm in a competitive market will increase production when average revenue exceeds marginal cost.
- 中国大学MOOC: A firm operating in a perfectly competitive industry will continue to operate in the short run but earn losses if the market price is less than that firm’s average variable cost but greater than the firm’s average fixed cost.
- A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue A: 正确 B: 错误
- Assume a market is perfectly competitive. When a new producer enters the market, the A: price in the market increases. B: price in the market decreases. C: price in the market does not change. D: market is no longer a competitive market.