For a perfectly competitive firm ? A. Price equals marginal revenue B. price is greater than marginal revenue C. price equals total revenue D. price equals total cost

In the short run firms in perfect competition will still produce provided ? A. The price covers average variable cost B. The price covers variable cost C. The price covers average fixed cost D. The price covers fixed costs

A profit maximizing firm is perfect competition produces where ? A. Total revenue is maximized B. Marginal revenue equals zeroC. Marginal revenue equals marginal cost D. Marginal revenue equals average cost

Firms in perfect competition face a? A. perfectly elastic demand curve B. perfectly inelastic demand curve C. perfectly elastic supply curve D. perfectly inelastic supply curve