Ask Question
17 April, 19:19

How does a perfect market influence output?

Each firm adjusts its output so that its costs, including profit, are covered.

Different firms each strive to make more goods and capture more of the market.

Different firms make different amounts of goods, but some make a profit and others do not.

Each firm makes its output as large as possible even though some goods are not sold.

+2
Answers (1)
  1. 17 April, 20:25
    0
    The correct answer is Each firm adjusts its output so that its costs, including profit, are covered.

    There are no companies which want to not sell all of their manufactured goods. In such a scenario, every company would strive to cover all costs and always end up profiting, it is not a thing where some companies accept losses since no company ever wants to have a loss, losses are just sometimes inevitable.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How does a perfect market influence output? Each firm adjusts its output so that its costs, including profit, are covered. Different firms ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers