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The fact that a purely competitive firm’s total revenue curve is linear

The fact that a purely competitive firm’s total revenue curve is linear and up sloping to the right impliesthat:

A. product price increases as output increases.

B. product price decreases as output increases.

C. product price is constant al all levels ofoutput.

D. marginal revenue declines as more output is produced.

Jun 07 2018 Read more Less More

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