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CHAPTER 5 1. If a business in a perfectly competitive industry is receiving a price of $5 for its product, its marginal revenue: A) may

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CHAPTER 5 1. If a business in a perfectly competitive industry is receiving a price of $5 for its product, its marginal revenue: A) may be either greater or less than $5 B) will also be $5 C) will be less than $5, but a positive number D) will be greater than $5 E) will be negative

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