Economics: Marshall's concept of the "representative firm is based on the assumption of: a) Perfect competition b) Monopoly c) Monopolistic competition d) Oligopoly Marshall's theory of consumer behavior is based on the principle of a) Diminishing darr yinal utility 22. Marshall's concept of the "representative firm" is based on the assumption of: a) Perfect competition b) Monopoly c) Monopolistic competition d) Oligopoly

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