单选题
A firm operating as a price taker will: A. be a revenue maximizer. B. face an inelastic demand curve. C. produce quantity where P=MR=MC.
【正确答案】
C
【答案解析】A firm operating as a price taker will produce quantity where MC = MR. It will maximize profit and not revenue. In the long run, it will make zero economic profits after taking into account fair return on capital.