In Perfect Competition, How Is the Market Price Related to Marginal

Multiple Choice

In perfect competition, how is the market price related to marginal revenue for each supplying firm?

A) P is the same as MR at all output levels.
B) P is less than MR at all (or most) output levels.
C) P is greater than MR at all (or most) output levels.
D) P is either greater than MR or less than MR at particular output levels, but never the same as MR.
E) None of the above.