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For a Perfectly Competitive Firm Operating at the Profit-Maximizing Output

Question 86

Multiple Choice

For a perfectly competitive firm operating at the profit-maximizing output level in the short run,_____


A) marginal revenue equals total revenue.
B) marginal cost equals price.
C) marginal cost equals average total cost.
D) marginal cost equals average variable cost.
E) average fixed cost equals price.

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