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Tidy Tidy
wrote...
Posts: 4852
8 years ago
Which of the following is not true for a firm in perfect competition?
A) Profit equals total revenue minus total cost.
B) Price equals average revenue.
C) Average revenue is greater than marginal revenue.
D) Marginal revenue equals the change in total revenue from selling one more unit.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 158 times
2 Replies
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

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Don't mention it Happy Dummy
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