McqMate
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 |
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