What is a competitive profit-maximizing firm

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Reference no: EM13200745

Harold owns a cranberry bog in which he grows cranberries. Haroldâ€™s farm is a competitive, profit-maximizing firm. As such, Harold much decide.

(i): how many cranberries to sell.
(ii): what price to charge for his cranberries.
(iii): what wages to pay his workers.
(iv): how many workers to hire.

A. (i) only

B. (ii) and (iii) only

C. (i) and (iv) only

D. (i), (ii), (iii), and (iv)

Reference no: EM13200745

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