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For a Perfectly Competitive Firm, Which of the Following Is

Question 348

Multiple Choice

For a perfectly competitive firm, which of the following is NOT true?


A) The average revenue curve, the demand and the marginal revenue curves are identical.
B) The total revenue curve begins at the origin and slopes upward as output increases.
C) The slope of the total revenue curve is equal to the product price.
D) The total revenue curve is horizontal.

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