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The marginal revenue curve of a purely competitive firm: A. lies below the firm's demand curve. B. is downsloping because the price must be reduced to sell more output. C. is horizontal at the mark

The marginal revenue curve of a purely competitive firm:

A. lies below the firm's demand curve.

B. is downsloping because the price must be reduced to sell more output.

C. is horizontal at the market price.

D. has all of these characteristics.

Apr 28 2021 View more View Less

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