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    Principles of Microeconomics Study Set 4
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    Exam 12: Wages and Employment in Perfect Competition
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    In Perfect Competition Where P Is the Price of Output
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In Perfect Competition Where P Is the Price of Output

Question 26

Question 26

Multiple Choice

In perfect competition where P is the price of output:


A) MRP = MP x P.
B) MRP/ P = Price of input.
C) MRP/MP = Price of input.
D) MRP x P = MP.

Correct Answer:

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