How are market price, average revenue, and marginal revenue related for a perfectly competitive firm and why?
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Q79: Producing where marginal revenue equals marginal cost
Q80: Figure 12-2 Q81: At the profit-maximizing level of output for Q82: Assume that price is greater than average Q83: A perfectly competitive firm's marginal revenue curve Q85: A perfectly competitive firm's marginal revenue Q86: A perfectly competitive apple farm produces 1,000
A)is greater
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