A Perfectly Competitive Firm's Marginal Revenue

question 319

Multiple Choice

A perfectly competitive firm's marginal revenue

• A) increases as the firm produces more output.
• B) decreases as the firm produces more output.
• C) is less than the market price of its product.
• D) equals the market price of its product.

---

Definitions:

Temperature Increase

A rise in the heat energy reflected in an environment or substance, often discussed in relation to global warming.

Mafic Magma

Molten rock rich in magnesium and iron, forming dark-colored minerals and volcanic rocks.

Continental Crust

The thick, generally granitic part of the Earth's crust that forms the large land masses or continents, distinct from the denser, basaltic oceanic crust.

Cooling History

The record of the cooling and solidification of magma or lava, which informs geologists about the thermal and crystallization processes of igneous rocks.