jshiflett7987 jshiflett7987

12-05-2024
Business

Answered

Which of the following is true?
Price and average revenue are never equal.
Price and marginal revenue are seldom equal under conditions of perfect
competition.
When a firm is operating under perfectly competitive market conditions, price
and marginal cost will always be equal if the firm is maximizing profits.
Average revenue equals price times quantity.

Answer :

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