The marginal revenue of a perfectly competitive firm a. decreases as output increases. b. increases as output

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The marginal revenue of a perfectly competitive firm

a. decreases as output increases.

b. increases as output increases.

c. is constant as output increases and is equal to price.

d. increases as output increases and is equal to price.

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Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

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Question Posted: May 19, 2024 03:02 AM

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The marginal revenue of a perfectly competitive firm a. decreases as output increases. b. increases as output

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Exploring Microeconomics

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