For a perfectly competitive firm, the marginal revenue curve has ________ point(s) in common with the firm's demand curve.
A) one
B) no
C) all
D) indeterminate from the given information

Question

Quizplus · Accepted Answer

In a perfectly competitive market, a firm's marginal revenue curve is the same as its demand curve because the firm is a price taker and sells its product at the market price for all levels of output.

For a Perfectly Competitive Firm, the Marginal Revenue Curve Has