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If a Firm in a Perfectly Competitive Market Faces an Equilibrium

Question 13

Multiple Choice

If a firm in a perfectly competitive market faces an equilibrium price of $5, its marginal revenue

A) will be less than $5.
B) may be either greater or less than $5.
C) will be any amount but $5.
D) will also be $5.
E) will be greater than $5.

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