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Title: Which of the following is not true for a firm in perfect competition? Post by: Tidy on Jun 21, 2015 Which of the following is not true for a firm in perfect competition?
A) Profit equals total revenue minus total cost. B) Price equals average revenue. C) Average revenue is greater than marginal revenue. D) Marginal revenue equals the change in total revenue from selling one more unit. Title: Re: Which of the following is not true for a firm in perfect competition? Post by: Smoooth on Jul 26, 2015 C
Title: Re: Which of the following is not true for a firm in perfect competition? Post by: Smoooth on Aug 31, 2015 Don't mention it :-]
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