Which are true for competitive firms only

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Reference no: EM131002544

Which of the following are true for all firms? Which are true for competitive firms only? Which are false for all firms?

a. The firm faces a flat demand for its product

b. The firm faces a flat marginal revenue curve

c. The firm seeks to operate where marginal revenue equals marginal cost

d. The firm seeks to operate where price equals marginal cost

Reference no: EM131002544

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