The Figure Given Below Shows the Revenue and Cost Curves

question 113

Multiple Choice

The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4

-Under imperfect competition, a firm's:

• A)demand curve lies below its marginal revenue curve.
• B)demand curve lies above its marginal revenue curve.
• C)demand curve coincides with its marginal revenue curve.
• D)demand curve coincides with its marginal cost curve.
• E)demand curve coincides with its average cost curve.

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Definitions:

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