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    Microeconomics Study Set 51
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    Exam 13: Factor Markets: With Emphasis on the Labor Market
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    For a Perfectly Competitive Firm
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For a Perfectly Competitive Firm

Question 59

Question 59

Multiple Choice

For a perfectly competitive firm,


A) VMP > MRP.
B) VMP
C) VMP = MRP.
D) There is not enough information to answer the question.

Correct Answer:

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