Value appraisement general principle of costs monopoly I

Entrepreneurs bid for factors of production (mark false answer) ...

if marginal costs equal marginal revenue, each additional unit produced imply a loss

The valuations of consumers in the future (false answer)

in order to know if we have acted wisely or not as entrepreneurs we need to

Entrepreneurs are the mandataries of consumers

monopoly exists when there is only one seller

Consumers (wrong answer)

how do entrepreneurs find the optimal output

the predominance of a company in a free market is a sign of

Entrepreneurship consists in anticipating a future that is already given

the more units are produced, marginal costs increases

current antitrust laws are based on the correct definition of competition

costs in the context of economic calculation are

a profit indicates that an entrepreneur has used resources to produce those goods that consumers value most

in "perfect competition" there is no competition

a loss indicates that an entrepreneur has diverted resources from the ends consumers value most

competition is

the more units are produced, marginal revenue increases

competition

general principal of costs says that profits are maximized when marginal costs equal marginal revenue

monopoly exists when the free exercise of entrepreneurship is blocked

the general costs principle explains

The costs of tomorrow follow the price we estimate for today