Assuming pure competition, which of the following are equivalents?
A. MRP L /P L = MRP C /P C and P x = 1/MC.
B. MRP L /P L = MRP C /P C and P x = AVC.
C. P x = MC and MRP L /P L = MRP C /P C = 1.
D. P x = MC and MP L /P L = MP C /P C
Answer: C
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