If a Firm Is Operating in a Perfectly Competitive Market

question 136

Multiple Choice

If a firm is operating in a perfectly competitive market in which the market price equals $12,then its

• A)marginal revenue is $12
• B)marginal revenue is less than $12
• C)marginal revenue is greater than $12
• D)marginal cost is less than $12
• E)marginal cost is greater than $12

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