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Which of the following is TRUE for the perfectly competitive firm?

OkeyDokey

wrote...

Go to Answer

6 years ago

Which of the following is TRUE for the perfectly competitive firm?

Which of the following is TRUE for the perfectly competitive firm?
A) Price and MR are always equal.
B) AR is less than price.
C) AR is more than price.
D) Price elasticity of demand is equal to 1.

Textbook

Economics Today: The Micro View

Economics Today: The Micro View

Edition: 19^th

Author: Miller

Read 33 times

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7.prime7105

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6 years ago

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OkeyDokey Author

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#2

6 years ago

This is very helpful, my teacher this year is not good

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