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Question
TABLE 8.1| Q | P | TR | MR | TC | MC |
| 0 | $30 | $0 | --- | $15 | --- |
| 1 | $30 | $30 | $30 | $25 | $10 |
| 2 | $30 | $60 | $30 | $40 | $15 |
| 3 | $30 | $90 | $30 | $60 | $20 |
| 4 | $30 | $120 | $30 | $85 | $25 |
| 5 | $30 | $150 | $30 | $115 | $30 |
| 6 | $30 | $180 | $30 | $150 | $35 |
That the firm is perfectly competitive is evident from its
A) increasing marginal cost.
B) increasing total cost.
C) zero economic profits.
D) constant marginal revenue.
E) absence of marginal values at Q = 0.
Answer
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