The Demand Curve Facing a Perfectly Competitive Firm Is

question 8

Multiple Choice

The demand curve facing a perfectly competitive firm is:

• A) the same as its average revenue curve, but not the same as its marginal revenue curve.
• B) the same as its average revenue curve and its marginal revenue curve.
• C) the same as its marginal revenue curve, but not its average revenue curve.
• D) not the same as either its marginal revenue curve or its average revenue curve.
• E) not defined in terms of average or marginal revenue.

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