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    Managerial Economics Study Set 1
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    Exam 6: Market Structure
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    In a Perfectly Competitive Market,the Price Faced by a Firm
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In a Perfectly Competitive Market,the Price Faced by a Firm

Question 43

Question 43

Multiple Choice

In a perfectly competitive market,the price faced by a firm is equal to its


A) average variable cost.
B) marginal revenue and average revenue.
C) total cost.
D) average revenue.

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