Q.

Which of the following statement is true

A. In perfect competition Average and Marginal revenue are identical
B. In perfect competition Average and Marginal cost are identical
C. In perfect competition Average price and Marginal cost are identical
D. In perfect competition only normal profit can be earned by a firm
Answer» A. In perfect competition Average and Marginal revenue are identical
639
0
Do you find this helpful?
7

Discussion

No comments yet