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    Business
  3. Study Set
    Intermediate Microeconomics
  4. Exam
    Exam 8: Profit Maximization and Supply
  5. Question
    If a Firm Is a Price Taker,its Marginal Revenue Is
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If a Firm Is a Price Taker,its Marginal Revenue Is

Question 3

Question 3

Multiple Choice

If a firm is a price taker,its marginal revenue is


A) equal to market price.
B) less than market price.
C) greater than market price.
D) a multiple of market price that may be either greater than or less than one.

Correct Answer:

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