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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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