Business, 18.10.2019 00:00 abhibhambhani

The increase in total revenue that results from selling one more unit of output is a. marginal revenue. b. average revenue. c. marginal cost. d. none of the above. what is the relationship between price, average revenue, and marginal revenue for a firm in a perfectly competitive market? a. price is equal to both average revenue and marginal revenue. b. price, average revenue, and marginal revenue usually all have different values. c. price is greater than average revenue and equal to marginal revenue. d. price is equal to average revenue and greater than marginal revenue.

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