Multiple Choice
If a firm in perfect competition charges the market price of $14, then its
A) MR = $14 and its AR < $14
B) MR = $14 and its AR > $14
C) AR = $14 and its ATC = $14
D) AR = MR = $14
E) ATC = MC = $14
Correct Answer:
Verified
Correct Answer:
Verified
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