Assuming Pure Competition, Which of the Following Are Equivalents

question 207

Multiple Choice

Assuming pure competition, which of the following are equivalents?

• A)MRPL / PL = MRPC / PC and Px = 1/MC
• B)MRPL / PL = MRPC / PC and Px = AVC
• C)Px = MC and MRPL / PL = MRPC / PC = 1
• D)Px = MC and MPL / PL = MPC / PC

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