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  3. Study Set
    Microeconomics Theory with Applications
  4. Exam
    Exam 11: Input Markets and the Allocation of Resources
  5. Question
    If the Input Market Is Competitive and the Output Market
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If the Input Market Is Competitive and the Output Market

Question 77

Question 77

Multiple Choice

If the input market is competitive and the output market is monopolistic:


A) MFC>MRP.
B) MFC<MRP.
C) MFC=MRP.
D) MRP=VMP.

Correct Answer:

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