What Is True for the Perfectly Competitive Firm's Output Level

question 20

Multiple Choice

What is true for the perfectly competitive firm's output level at the break-even point?

• A) price = marginal revenue = average total cost
• B) marginal revenue = price < marginal cost
• C) marginal revenue = price> marginal cost
• D) marginal revenue < price = marginal cost
• E) price > marginal revenue = marginal cost

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