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The MR = MC Rule Can Be Restated for a Purely

Question 241

Multiple Choice

The MR = MC rule can be restated for a purely competitive seller as P = MC because


A) each additional unit of output adds exactly its price to total revenue.
B) the firm's average revenue curve is downsloping.
C) the market demand curve is downsloping.
D) the firm's marginal revenue and total revenue curves will coincide.

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