For a perfectly competitive firm, as its output increases its marginal revenue ________ and its marginal cost ________.

Name: For a perfectly competitive firm, as its output increases its marginal revenue ________ and its marginal cost ________.
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Question

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In a perfectly competitive market, the marginal revenue remains constant as it equals the market price, while the marginal cost changes with output level.

For a Perfectly Competitive Firm, as Its Output Increases Its