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For Perfectly Competitive Firms, What Is the Relationship Among Market

Question 83

Multiple Choice

For perfectly competitive firms, what is the relationship among market price (P) , average revenue (AR) , and marginal revenue (MR) ?


A) P = AR = MR
B) P > AR = MR
C) P = AR > MR
D) P = AR < MR
E) P < AR = MR

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