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.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter22: Perfect Competition

Section: Chapter Questions

Problem 2QP

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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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