The MRP curve is the resource demand curve for
A)neither the purely competitive nor the imperfectly competitive seller.
B)the imperfectly competitive seller but not the purely competitive seller.
C)the purely competitive seller but not the imperfectly competitive seller.
D)both the purely competitive and imperfectly competitive seller.

Question

Quizplus · Accepted Answer

The MRP (Marginal Revenue Product) curve represents the resource demand curve for both purely competitive and imperfectly competitive sellers, as it reflects the additional revenue generated by employing one more unit of a resource, regardless of the market structure of the selling firm.

The MRP Curve Is the Resource Demand Curve for