Use the following to answer question:
Figure 2.8 
-(Figure 2.8) Which of the following statements is TRUE? 
Definitions:
Monopolistic Seller
A monopolistic seller refers to a market participant that has exclusive control over a market for a particular product or service, facing no competition.
Purely Competitive Seller
A seller in a market where there are many sellers and buyers, each selling a homogeneous product, and no one can influence the market price.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource, used to make employment decisions.
Purely Competitive
A market structure characterized by an infinite number of buyers and sellers, products that are identical, and no control over the market price by individual firms.
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