1. Economics
2. Microeconomics
3. Competition
4. Perfect Competition
5. 20228

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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.