For an Individual Firm Operating in a Competitive Market, Marginal

question 183

Multiple Choice

For an individual firm operating in a competitive market, marginal revenue equals

• A)average revenue and the price for all levels of output.
• B)average revenue, which is greater than the price for all levels of output.
• C)average revenue, the price, and marginal cost for all levels of output.
• D)marginal cost, which is greater than average revenue for all levels of output.

---

Definitions:

Neurotic Needs

These are emotional needs that can become compulsive and counterproductive, often resulting from attempts to deal with anxiety and insecurity.

Basic Anxiety

A theory by Karen Horney that refers to feeling helpless and insecure as a child, which can affect adult personality.

Neurotic Needs

In psychology, these are unhealthy desires or tendencies that individuals develop as a result of anxiety and are attempts to manage this anxiety.

Compulsively

Acting driven by an irresistible urge, often against one's conscious wishes and in a repetitive, ritualistic manner.