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Assuming Pure Competition,which of the Following Are Equivalents

Question 85

Multiple Choice

Assuming pure competition,which of the following are equivalents?


A) MRPL/PL = MRPC/PC and Px = 1/MC.
B) MRPL/PL = MRPC/PC and Px = AVC.
C) Px = MC and MRPL/PL = MRPC/PC = 1.
D) Px = MC and MPL/PL = MPC/PC.

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