Explain why marginal revenue does NOT equal price for a firm with market power. For a perfectly competitive firm, explain why P = P + 
Definitions:
Participant Observation
A research method in which the researcher immerses themselves in a community or situation to observe behaviors and interactions from an insider perspective.
Existing Documents
Pre-established or already available written materials or records that contain relevant information or data.
Personal Records
Documents or data collections that contain individual-specific information, including identification, medical history, educational achievements, and employment history.
Qualitative
Pertaining to research methods or data that are descriptive and interpretive, focusing on understanding concepts, thoughts, and experiences rather than quantifying them.
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