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  3. Study Set
    Economics-Microeconomics
  4. Exam
    Exam 12: Perfect Competition
  5. Question
    Because the Demand for a Perfectly Competitive Firm's Product Is
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Because the Demand for a Perfectly Competitive Firm's Product Is

Question 19

Question 19

Multiple Choice

Because the demand for a perfectly competitive firm's product is perfectly elastic, marginal revenue is equal to


A) one.
B) zero.
C) the price of the product.
D) negative one.

Correct Answer:

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