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In a perfectly competitive market industry,... Question 3 options: firms set their price above the market price, which equals marginal revenue for the firm. firms
In a perfectly competitive market industry,... Question 3 options: firms set their price above the market price, which equals marginal revenue for the firm. firms set their price equal to the market price, which equals marginal revenue for the firm. a firm uses their customer's demand curve to choose a price for their product. firms set their price equal to the market price, and marginal revenue is $0
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