The MR = MC Rule Can Be Restated for a Purely

question 241

Multiple Choice

The MR = MC rule can be restated for a purely competitive seller as P = MC because

• A)each additional unit of output adds exactly its price to total revenue.
• B)the firm's average revenue curve is downsloping.
• C)the market demand curve is downsloping.
• D)the firm's marginal revenue and total revenue curves will coincide.

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