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Author Question: A firm in a perfectly competitive industry can raise its price above the market price to increase revenue. (Read 200 times)

gonzo233

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Question 1

For a firm in a perfectly competitive industry, price equals marginal revenue.


◦ true
◦ false

Question 2

A firm in a perfectly competitive industry can raise its price above the market price to increase revenue.


◦ true
◦ false


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Marked as best answer by gonzo233 on Apr 19, 2019

raenoj

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