The Marginal Revenue Curve for a Perfectly Competitive Firm

question 49

Multiple Choice

The marginal revenue curve for a perfectly competitive firm

• A)is downward-sloping.
• B)is the same as its demand curve.
• C)is perfectly inelastic.
• D)is the same as its marginal cost curve.

---

Definitions:

Customs

Established and traditional practices of a particular society, culture, or organization.

Cold Canvassing

The process of approaching potential customers or clients directly, without prior contact, to offer products, services, or information.

Telephone Consumer Protection Act

A United States federal law enacted in 1991 designed to restrict telemarketing calls, the use of automated telephone equipment, and the sending of unsolicited faxes and texts.

Cold Calling

A technique in sales where sales reps make unsolicited calls to potential customers, who have had no prior contact with the salesperson.