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-Refer to the Above Table

Question 370

Multiple Choice

-Refer to the above table. How do we know that this is NOT a competitive firm? A) The marginal physical product decreases as the amount of labor hired increases. B) The marginal revenue changes as output changes. C) The marginal revenue product decreases as the amount of labor increases. D) Marginal physical product cannot be computed for competitive firms.
-Refer to the above table. How do we know that this is NOT a competitive firm?


A) The marginal physical product decreases as the amount of labor hired increases.
B) The marginal revenue changes as output changes.
C) The marginal revenue product decreases as the amount of labor increases.
D) Marginal physical product cannot be computed for competitive firms.

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