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Economics

If a firm is a price taker, then its marginal revenue will always equal * a)price. b)zero. c)total cost. d)one.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter22: Perfect Competition

Section: Chapter Questions

Problem 10QP

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Question

If a firm is a price taker, then its marginal revenue will always equal *

a)price.

b)zero.

c)total cost.

d)one.

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