Thank you 15. At the point of equilibrium of firm(under perfect competition)A. O MC curve must be risingB. O MC curve must be fallingC. O MR cure must be risingD. O None of the above

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. At the point of equilibrium of firm (under perfect competition)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 12RQ: What are the four basic assumptions of perfect competition? Explain in words what they imply for a...

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Thank you

15. At the point of equilibrium of firm
(under perfect competition)
A. O MC curve must be rising
B. O MC curve must be falling
C. O MR cure must be rising
D. O None of the above

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