If a firm in a purely competitive industry is confronted with an equilibrium price of $5, its marginal revenue

If a firm in a purely competitive industry is confronted with an equilibrium price of $5, its marginal revenue:

A. will be less than $5.

B. will be greater than $5.

C. may be either greater or less than $5.

D. will also be $5.

ECO 561 UOP Final Exam University of Phoenix

Eco561 Eco/561 Final Examination Exam multiple choice quiz

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