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If a Firm Is Selling in an Imperfectly Competitive Product

Question 52

Multiple Choice

If a firm is selling in an imperfectly competitive product market, then


A) average product will be less than marginal product for any number of workers hired.
B) the marginal products of successive workers must be sold at lower prices.
C) the marginal products of successive workers can be sold at higher prices.
D) the marginal products of successive workers can be sold at a constant price.

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