Under Perfect Competition,at the Profit Maximizing Level of Output

question 111

Multiple Choice

Under perfect competition,at the profit maximizing level of output:

• A)price is greater than marginal revenue.
• B)price is equal to marginal revenue.
• C)marginal revenue is equal to zero.
• D)the marginal revenue curve is downward sloping.
• E)the average revenue curve is upward sloping.

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