How does a perfect market influence output?

(A) Different firms each strive to make more goods and capture more of the market.
(B) Different firms make different amounts of goods, but some make a profit and others do not.
(C) Each firm makes its output as large as possible even though some goods are not sold.
(D) Each firm adjusts its output so that its costs, including profit, are covered.


Ans: (D) Each firm adjusts its output so that its costs, including profit, are covered.

Economics

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What will be an ideal response?

Economics