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Pradhan Mantri Surakshit Matritva Abhiyan

Answer


For a price taking firm, average revenue is ______ market price. Options: 1) half of 2) equal to 3) double of 4) less than

Correct Answer: equal tothe marginal revenue for each unit sold is equal to the price, and the average revenue is also equal to the price, as every unit costs the same, so when you divide the total revenue by the number of units sold, you get the price. ...Read more