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    Market price and Marginal Revenue in Imperfect Competition

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    In the situation of imperfect competition, the relation between market price P and marginal revenue MR for each supplying firm is that:

    a) P is less than MR at all or most output levels.

    B) P is greater than MR at all or most output levels.

    c) P is the same as MR at all output levels

    d) P is either less than MR at particular output levels or the same as MR

    e) none of the above, since P is not related to MR.

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