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Holding Quantities of All Other Inputs Constant, a Firm's MRP

Question 39

Multiple Choice

Holding quantities of all other inputs constant, a firm's MRP curve is:


A) its demand curve for the input regardless of market structure.
B) below its VMP curve if it is a monopolist in its output market.
C) its VMP curve if it is a monopolist in its output market.
D) above its VMP curve if it is a monopolist in its output market.

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