If a Firm Is a Price Taker,then Its Marginal Revenue

question 72

Multiple Choice

If a firm is a price taker,then its marginal revenue will always equal

• A) price.
• B) total cost.
• C) zero.
• D) one.

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Definitions:

Court

A governmental institution authorized to decide legal disputes, administer justice, and interpret laws.

Internet Transactions

The act of purchasing, selling, or swapping products, services, or data through the internet.

Defendant Company

A business entity that is being sued in a court of law.

Physically Located

The actual, real-world position or place where someone or something exists.