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tangerbil366Lv1
11 Dec 2019
For an individual firm operating in a competitive market, marginal revenue equals
a) marginal cost, which is greater than average revenue for all output levels.
b) average revenue and the price for all levels of output
c) average revenue, which is greater than the price for all output levels.
d) average revenue, the price, and marginal cost for all levels of output.
For an individual firm operating in a competitive market, marginal revenue equals
a) marginal cost, which is greater than average revenue for all output levels.
b) average revenue and the price for all levels of output
c) average revenue, which is greater than the price for all output levels.
d) average revenue, the price, and marginal cost for all levels of output.
manhokwe tawandaLv10
21 Jan 2021
