The marginal revenue curve of a perfectly competitive, Business Economics

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The marginal revenue curve of a perfectly competitive

The marginal revenue curve of a perfectly competitive firm

a. is also the demand curve faced by the firm.

b. intersects the average revenue curve from above at the maximum point of the average revenue curve.

c. has a vertical intercept equal to exactly one-half of the vertical intercept for the demand curve.

d. lies below the demand curve and above the average revenue curve.

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