The marginal revenue curve for a perfectly competitive firm
A) is the same as its demand curve. B) is perfectly inelastic.
C) is downward-sloping. D) is the same as its marginal cost curve.
A
Economics
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The signaling aspect of the market system refer to
A) legal requirements for contracts and exchanges. B) the price of the good to the consumer and producer. C) the voluntary character of the exchange. D) transaction costs of carrying out exchanges.
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Naturally occurring diamonds are an example of
A) land. B) labor. C) physical capital. D) human capital.
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