In a diagram of perfect competition, the marginal revenue line moves up and down when there is

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In a diagram of perfect competition, the marginal revenue line moves up and down when there is exit and entry, respectively, because

a. The market demand for the good rises and falls when there is exit and entry, respectively.

b. The market demand for the good rises and falls when there is entry and exit, respectively.

c. The market supply for the good rises and falls when there is exit and entry, respectively.

d. The market supply for the good rises and falls when there is entry and exit, respectively.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:33 AM

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In a diagram of perfect competition, the marginal revenue line moves up and down when there is

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