Which of These Will Hold True for an Unregulated,competitive Industry

question 11

Multiple Choice

Which of these will hold true for an unregulated,competitive industry?

• A)The market price will be higher than the marginal cost of production.
• B)The marginal cost will be higher than the average cost of production.
• C)The marginal cost of production will be equal to the market price.
• D)The market price will be lower than the marginal cost of production.

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