When a firm is operating in a price-taker market, marginal revenue is
a. equal to price.
b. always less than price.
c. equal to zero when the market is in long-run equilibrium.
d. equal to the change in output divided by the change in total revenue.
A
Economics
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An increase in the marginal cost of an activity necessarily means that people will no longer engage in any of that activity
a. True b. False Indicate whether the statement is true or false
Economics