If a Firm in a Perfectly Competitive Market Faces an Equilibrium

question 43

Multiple Choice

If a firm in a perfectly competitive market faces an equilibrium price of $5,its marginal revenue

• A) will be greater than $5.
• B) will be less than $5.
• C) maybe either greater or less than $5.
• D) will also be $5.
• E) will be any amount but $5.

---

Definitions:

DS

Could refer to multiple concepts depending on context; in computing, often shorthand for Directory Services.

Symbolize

To represent or stand for something else, especially an idea, by means of symbols or symbolism.

Winning Ticket

A lottery or contest ticket that has been drawn or identified as having a winning combination or selection.

Well Written

Referring to text that is composed in a clear, effective, and correct manner, often emphasizing grammar, coherence, and clarity.