In a competitive price-searcher market, the marginal revenue of the firm will always be

a. a horizontal line.
b. greater than price.
c. less than price.
d. equal to price.


C

Economics

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The present value of $100 to be received one year from now

A) is $100. B) is $110. C) is $90. D) cannot be determined without knowing the interest rate.

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A seller with market power has greater command over product price compared to a perfect competitor and is thus less enthusiastic in devising new ways to create economic value

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The long run for the industry is defined as a period of time long enough for

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Economics