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Which of the Following Conditions Would Distinguish a Competitive Firm

Question 70

Multiple Choice

Which of the following conditions would distinguish a competitive firm from a monopolist?


A) The existence of a demand curve for the firm.
B) The slope of the demand curve facing the firm.
C) The rule of profit maximization, i.e., produce where MR = MC.
D) The relationship between marginal revenue and total revenue.
E) The existence of diseconomies of scale.

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