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For a Perfectly Competitive Firm,the Market Price of a Good

Question 156

Multiple Choice

For a perfectly competitive firm,the market price of a good is


A) a given which the firm cannot change.
B) determined by the firm in order to maximize its profit.
C) equal to the firm's marginal revenue.
D) Answers A and B are correct.
E) Answers A and C are correct.

Correct Answer:

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