Q.

Which of the following statements is true, regarding the revenues of a firm under perfect competition

A. the marginal revenue and the average revenue are equal to the price
B. the marginal revenue is greater than the average revenue
C. the marginal revenue is greater than the total revenue
D. the total revenue is less than the average revenue
Answer» A. the marginal revenue and the average revenue are equal to the price

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Micro economics 2

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