[Answer] The term _____ refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product

Answer: Marginal revenue

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The term _____ refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product The term _____ refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product Marginal revenue Refers to the additional revenue gained from selling one more unit The term _____ refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product. price taker refers to the additional revenue gained from selling one more unit . The term _____ refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product. price taker In a free market economy firms operating in a perfectly competitive industry are said to have only one major choice to make. The term _____ refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product. 1 1 / 1 point The term _________________ refers to a firm operating in a perfectly competitive ...

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