Marginal Revenue is equal to price for perfectly competitive firm because: a. individual firms can sell...
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Marginal Revenue is equal to price for perfectly competitive firm because: a. individual firms can sell all their output at the given market price. b. total revenue increases by more than the price of the food when an additional unit is sold. c. firms can increase price and still increase quantity sold. d. firms needs to lower price to increase quantity sold. e. total revenue increases by less than the price of the good when an additional unit is sold. Marginal Revenue is equal to price for perfectly competitive firm because: a. individual firms can sell all their output at the given market price. b. total revenue increases by more than the price of the food when an additional unit is sold. c. firms can increase price and still increase quantity sold. d. firms needs to lower price to increase quantity sold. e. total revenue increases by less than the price of the good when an additional unit is sold.
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