The Figure Given Below Shows the Revenue and Cost Curves

Multiple Choice

The figure given below shows the revenue and cost curves of a firm. MC represents the marginal cost curve, AC the average cost curve, MR the marginal revenue curve, and AR the average revenue curve.Figure 9.4

-Firms under perfect competition produce:

A) homogeneous products.
B) unique products.
C) either standardized or differentiated products.
D) differentiated products.
E) antique products.