Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter22: Perfect Competition
Section: Chapter Questions
Problem 15QP
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Question
![TRUE/FALSE
1. For a purely competitive firm, the demand curve facing it is the same as its marginal
revenue curve.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F64593280-d422-441c-a446-65e7bc0a003d%2Fbf526ae3-758b-4f0d-937b-60252b2f7cb0%2Fzsbf5yf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:TRUE/FALSE
1. For a purely competitive firm, the demand curve facing it is the same as its marginal
revenue curve.
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