Which of the Following Describes the Relationship Among Market Price

question 94

Multiple Choice

Which of the following describes the relationship among market price (P) , average revenue (AR) , and marginal revenue (MR) for a firm in monopolistic competition.

• A)P = AR = MR
• B)P > AR = MR
• C)P = AR > MR
• D)P > AR > MR
• E)P = AR < MR

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