&dnb=0&fromQB=0 G al Exam X imit: 1:50:00 Time Left:1:49:53 Eva ONDONGO NGALA: Attempt 1 Question 1 (5 points) Match the term that best fits with each statement. 1. Many firms producing identical products describes a V equilibrium price 2. The pressure of competing firms forces a perfectly competitive firm to accept the prevailing _ in the market . H perfect competition 3. The curve shows the additional marginal revenue revenue gained from selling one more unit. average profit 4. The profit-maximizing choice for a perfectly competitive firm will occur at the V marginal cost level of output where marginal revenue is equal to O 5. The profit margin is also called the Question 2 (5 points) Match the term that best fits with each statement