Jim's Shoe Shine Shop operates in a perfectly competitive market. If its marginal revenue is $5 per shine, then

a. the next shine will bring in less than $5 in additional revenue
b. the next shine will bring in more than $5 in additional revenue
c. the market price per shine is $5
d. price is less than $5
e. price is equal to total revenue at all output levels

C

Economics

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