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Khan Academy: Profit Maximizing Behavior in Perfectly Competitive Factor Markets

Curated by ACT

Practice what you have learned about the way firms choose the optimal use of inputs in this four-question exercise.

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Concepts
profit
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Additional Tags
khan academy, khan academy: profit-maximizing behavior in perfectly competitive factor markets, perfectly competitive factor markets, profit-maximizing, profit-maximizing behavior in perfectly competitive factor markets, optimal use of inputs, perfect competition
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Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Practice