Perfect competition-the profit maximizing level of output

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Reference no: EM13981409

Under perfect competition, at the profit maximizing level of output:

a. marginal revenue is equal to zero.

b. price is equal to marginal revenue.

c. the average revenue curve is upward sloping.

d. price is greater than marginal revenue.

e. the marginal revenue curve is downward sloping.

Reference no: EM13981409

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