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For an individual firm operating in a competitive market, marginal revenue equals a. marginal cost, which is greater than average revenue for all levels of

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

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Intermediate Microeconomics and Its Application

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