For a perfectly competitive firm, the marginal revenue curve ________ its demand curve.

A) is below
B) is above
C) is the same as
D) has no relation to

Question

For a perfectly competitive firm, the marginal revenue curve ________ its demand curve.A)  is belowB)  is aboveC)  is the same asD)  has no relation to

Lauren Moyer · Accepted Answer

Final Answer : C, Explanation :  In a perfectly competitive market, the marginal revenue curve is the same as the demand curve because the firm is a price taker and sells its product at the market price for all units sold.

For a perfectly competitive firm, the marginal revenue curve ________ its demand curve.

A) is below
B) is above
C) is the same as
D) has no relation to

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