2. Which of the following is correct for a perfectly competitive firm? I. The marginal revenue curve

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2. Which of the following is correct for a perfectly competitive firm?

I. The marginal revenue curve is the demand curve.

II. The firm maximizes profit when price equals marginal cost.

III. The market demand curve is horizontal.

a. I only

b. II only

c. III only

d. I and II only

e. I, II, and III

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Krugmans Economics For AP

ISBN: 9781464122187

2nd Edition

Authors: Margaret Ray, David Anderson

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Question Posted: Oct 03, 2024 06:02 AM

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2. Which of the following is correct for a perfectly competitive firm? I. The marginal revenue curve

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Krugmans Economics For AP

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