Figure 14.1.1 -Other Things Being Equal, the Marginal Revenue Product (MRP) Curve

Multiple Choice

Figure 14.1.1
-Other things being equal, the marginal revenue product (MRP) curve for a competitive seller:

A) lies below the MRP curve for a monopolist.
B) is identical to the MRP curve for a monopolist.
C) lies above the MRP curve for a monopolist.
D) is upward sloping whereas a monopolist has a downward sloping MRP curve.