Suppose an individual firm is one of many firms in a perfectly competitive market. Explain why this

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Suppose an individual firm is one of many firms in a perfectly competitive market. Explain why this means the firm’s marginal revenue will be equal to the market price.

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Microeconomics

ISBN: 978-1259813337

2nd edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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Question Posted: Nov 10, 2018 11:45 AM

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Suppose an individual firm is one of many firms in a perfectly competitive market. Explain why this

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Microeconomics

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