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Which of the following is true? A. Price and average revenue are never equal. B. Price and marginal revenue are seldom equal under conditions of perfect competition. C. When a firm is
operating under perfectly competitive market conditions, price and marginal cost will always be equal if the firm is maximizing profits. D. Average revenue equals price times quantity.
C. When a firm is operating under perfectly competitive market conditions, price and marginal cost will always be equal if the firm is maximizing profits.
Expert answered|farrin|Points 0|
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Asked 2/12/2013 10:32:21 PM
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Which of the following is not a central focus of the "economic perspective"? A. Scarcity and choice. B. The scientific method. C. Purposeful behavior. D. Marginal analysis.
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Updated 8/30/2015 9:39:19 AM
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The scientific method is not a central focus of the "economic perspective".

Added 8/30/2015 9:39:19 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [8/30/2015 11:24:38 AM]
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