The characteristic feature of a perfectly competitive firm should be
A. Earn an economic profit
B. Earn a zero economic profit in short run
C. Produce the quantity where its marginal cost equals its marginal revenue
D. produce at the productively efficient level of output
Answer:C
The characteristic feature of a perfectly competitive firm should be
A. Earn an economic profit B. Earn a zero economic profit in short run C. Produce the quantity where its marginal cost equals its marginal revenue D. produce at the productively efficient level of output