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Which of the following statements is correct? explain a. The demand curve facing a price-taking firm is its average revenue curve. b. The demand curve

Which of the following statements is correct? explain

a. The demand curve facing a price-taking firm is its average revenue curve.

b. The demand curve facing a price-taking firm is a horizontal line through the prevailing market price.

c. The demand curve facing a price-taking firm is its marginal revenue curve.

d. All of the above

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