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ivoryhare127Lv1
11 Dec 2019
The MR = MC rule can be restated for a purely competitive seller as P = MC because:
A. Each additional unit of output adds exactly its price to total revenue.
B. The firm’s average revenue curve is downsloping.
C. The market demand curve is downsloping.
D. The firm’s marginal revenue and total revenue curves will coincide.
The MR = MC rule can be restated for a purely competitive seller as P = MC because:
A. Each additional unit of output adds exactly its price to total revenue.
B. The firm’s average revenue curve is downsloping.
C. The market demand curve is downsloping.
D. The firm’s marginal revenue and total revenue curves will coincide.
Divya SinghLv10
5 Oct 2020
