Answer to Question #216791 in Economics of Enterprise for Ehliey

Economics of Enterprise

Question #216791

If a firm faces a perfectly elastic demand curve for its product, then.........

A. MR = TR×P

B. MR = AR×P

C. MR = TR/Q=P

D. MR = AR=TR/P

Expert's answer

C. MR = TR/Q=P

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