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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Fundamentals of Economics and ManagementNo comments yet