In the perfectly competitive market, individual firms exert no effect on the market price. Therefore, the firm's marginal revenue is:
A. zero.
B. an upward-sloping curve.
C. a downward-sloping curve.
D. the same as the firm's demand curve.
Answer: D
Economics
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If aggregate demand is $2,000 billion and aggregate supply is $2,300 billion, the price level will rise
a. True b. False Indicate whether the statement is true or false
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