Question: quantity = 0, profit = -$1,000 Question 13 The demand curve of a purely competitive firm: Is equal to the combination of the average revenue

quantity = 0, profit = -$1,000 Question 13 The demand curve

quantity = 0, profit = -$1,000 Question 13 The demand curve of a purely competitive firm: Is equal to the combination of the average revenue (AR) and marginal revenue (MR) curves. Is downward sloping and to the right. Is also the same as the average revenue (AR) and marginal revenue (MR) curves. Is perfectly vertical. Question 14

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