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Question
In a perfectly competitive situation, the profit -maximizing hiring situation for all inputs being used is where
A) the MRP of each input is equal to the price of each input.
B) the MRP of each input is greater than the price of each input.
C) the MRP of each input is less than the price of each input.
D) There is no relationship between MRP and the prices of the inputs.
Answer
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Related questions
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