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25. For an individual firm operating in a competitive market, marginal revenue equals average revenue and the price for all levels of output. average revenue,

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25. For an individual firm operating in a competitive market, marginal revenue equals average revenue and the price for all levels of output. average revenue, which is greater than the price for all levels of output. average revenue, the price. and marginal cost for all levels of output. marginal cost, which is greater than average revenue for all levels of output. 53.09\

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