What is the key difference between the Perfect Competitors' VMP (Value of Marginal Product) curve and the Imperfect Competitors' MRP (Marginal Revenue Product) curve?
A) Perfect competitors' VMP curve slopes upward, while imperfect competitors' MRP curve slopes downward.
B) Perfect competitors' VMP curve is horizontal, while imperfect competitors' MRP curve is vertical.
C) Perfect competitors' VMP curve represents marginal revenue, while imperfect competitors' MRP curve represents total revenue.
D) Perfect competitors' VMP curve reflects the relationship between output and marginal revenue product, while imperfect competitors' MRP curve shows the relationship between output and marginal revenue.
