MCQOPTIONS
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				| 1. | 
                                    Marginal revenue is always less than price at all levels of output in | 
                            
| A. | Perfect competition | 
| B. | Monopoly | 
| C. | Both 'a' and 'b' | 
| D. | None of the above | 
| Answer» C. Both 'a' and 'b' | |