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24. A perfectly competitive firm's marginal revenue A) increases as the firm produces more output. B) decreases as the firm produces more output. C) is

24. A perfectly competitive firm's marginal revenue

A) increases as the firm produces more output.

B) decreases as the firm produces more output.

C) is less than the market price of its product.

D) equals the market price of its product.

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Mathematical Applications for the Management Life and Social Sciences

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