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Author Question: The relationship between the price that a perfectly competitive firm can charge buyers and the ... (Read 45 times)

xclash

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on: Apr 19, 2019

Question 1

In perfect competition, the marginal revenue curve


◦ and the demand curve facing the firm are identical.
◦ is always above the demand curve facing the firm.
◦ is always below the demand curve facing the firm.
◦ intersects the demand curve when marginal revenue is minimized.

Question 2

The relationship between the price that a perfectly competitive firm can charge buyers and the firm's marginal revenue is that the price is ________ marginal revenue over all output.


◦ above
◦ below
◦ equal to
◦ sometimes above and sometimes below
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by xclash on Apr 19, 2019

cclemon1

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xclash

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Reply #2 on: Apr 19, 2019
Thank you!


cclemon1

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Reply #3 on: Apr 19, 2019
Always glad to help...


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