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Question 313

Multiple Choice

Use the following to answer questions:
Figure: The Profit-Maximizing Firm in the Short Run Use the following to answer questions: Figure: The Profit-Maximizing Firm in the Short Run -(Figure: The Profit-Maximizing Firm in the Short Run) Look at the figure The Profit-Maximizing Firm in the Short Run. If the market price is P<sub>4</sub>, marginal revenue: A) and price are the same. B) is less than P<sub>4</sub>. C) is greater than P<sub>4</sub>. D) and price are unrelated.
-(Figure: The Profit-Maximizing Firm in the Short Run) Look at the figure The Profit-Maximizing Firm in the Short Run. If the market price is P4, marginal revenue:


A) and price are the same.
B) is less than P4.
C) is greater than P4.
D) and price are unrelated.

Correct Answer:

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