Multiple Choice
Assuming pure competition, which of the following are equivalents?
A) MRP L / Pₗ = MRP C / Pc and Pₓ = 1/MC
B) MRP L / Pₗ = MRPc / Pc and Pₓ = AVC
C) Pₓ = MC and MRPₗ / Pₗ = MRP C / Pc = 1
D) Pₓ = MC and MP L / Pₗ = MPc / Pc
Correct Answer:
Verified
Correct Answer:
Verified
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