Assuming Pure Competition,which of the Following Are Equivalents

question 85

Multiple Choice

Assuming pure competition,which of the following are equivalents?

• A) MRP_L/P_L = MRP_C/P_C and P_x = 1/MC.
• B) MRP_L/P_L = MRP_C/P_C and P_x = AVC.
• C) P_x = MC and MRP_L/P_L = MRP_C/P_C = 1.
• D) P_x = MC and MP_L/P_L = MP_C/P_C.

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Definitions:

Consent

The voluntary agreement to or approval of some act or purpose, implied or expressed by one's actions or inactions.

False Imprisonment

A legal term for unlawfully restraining a person's freedom of movement.

Defamation

The act of making false statements about someone that cause harm to their reputation.

Forgery

The act of falsely making or materially altering a document with the intent to defraud.