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Are the following statements True or False? a) Competitive market equilibrium price, P, corresponds to marginal revenue, MR, for individual firms

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Are the following statements True or False?

a) Competitive market equilibrium price, P, corresponds to marginal revenue, MR, for individual firms.

b) If MC > MR (and MC is rising) an individual competitive firm should increase

c) When MPL is rising it is greater than APL.

d) If P is less than AVC, an individual firm should cease operation.