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Why is the price of the the product for the pure competition the same as the marginal revenue of that product?

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Why is the price of the the product for the pure competition the same as the marginal revenue of that product?

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  1. The company can sell all it wants at the market price.  If it changes its quantity, the price will not change.  Therefore, each additional product will bring in whatever the market price is, so marginal revenue is equal to the price.

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