For a perfectly competitive firm, marginal revenue equals average revenue because the
A) firm's supply curve is horizontal.
B) industry's demand curve is horizontal.
C) firm's demand curve is horizontal.
D) industry's supply curve is horizontal.
Correct Answer:
Verified
Q87: Firms in perfect competition are often described
Q88: Which of the following most resembles a
Q89: One of the following is not a
Q90: Which of the following characteristics does not
Q91: When a firm faces a horizontal demand
Q93: Which of the following is a characteristic
Q94: Which requirement for perfect competition rules out
Q95: Which of the following markets most closely
Q96: A perfectly competitive firm is a price
A)giver.
B)taker.
C)maker.
D)leader.
Q97: Economists study perfect competition
A)because many markets are
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