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flemingpk flemingpk
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A year ago
For a given market price, a perfectly competitive firm's total-revenue curve

▸ is a straight line that coincides with the market demand curve.

▸ increases to the right and then declines when MC = MR.

▸ is the same as the firm's MR curve.

▸ is a positively sloped straight line, starting from the origin.

▸ is the same as the firm's demand curve.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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okaymanokayman
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A year ago
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