For a price-taking firm.
A. marginal revenue is less than price
B. marginal revenue is equal to price
C. marginal revenue is greater than price
D. the relationship between marginal revenue and price is indeterminate
Answer:B
For a price-taking firm.
A. marginal revenue is less than price B. marginal revenue is equal to price C. marginal revenue is greater than price D. the relationship between marginal revenue and price is indeterminate