In January 2025
Answer to Question #228488 in Microeconomics for Nonhlanhla
Which one of the following is incorrect under perfect competition
A.Marginal revenue is always equal to the price of the product.
B. Average revenue is always equal to marginal revenue.
C.Average revenue is always equal to the price of the product.
D.Marginal revenue is always equal to marginal cost
B. Average revenue is always equal to marginal revenue.
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