Under conditions of perfect competition in the product market Options: A . &nbspMRP = VMP B . &nbspMRP > VMP C . &nbspVMP > MRP D . &nbspNone of the above

Under conditions of perfect competition in the product market

Question

Under conditions of perfect competition in the product market

Options:

A . MRP = VMP

B . MRP > VMP

C . VMP > MRP

D . None of the above

Answer: Option A

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