If a Firm in a Perfectly Competitive Market Faces an Equilibrium

question 43

Multiple Choice

If a firm in a perfectly competitive market faces an equilibrium price of $5,its marginal revenue

• A) will be greater than $5.
• B) will be less than $5.
• C) maybe either greater or less than $5.
• D) will also be $5.
• E) will be any amount but $5.

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