When both input and output markets are perfectly competitive and firms aim to maximize profits, what does each production factor receive in equilibrium?

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A total equal to the output price multiplied by the quantity producedAn amount determined through political decision-makingAn identical portion of the total outputCompensation equivalent to its marginal product's value

Explanation

In perfectly competitive markets where firms maximize profits, each factor of production is compensated according to the value of its marginal product. This means the payment reflects the additional output generated by employing one more unit of that factor.