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jessikha1 jessikha1
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7 years ago

Which of the following is not true for a firm in perfect competition?
   A)Average revenue is greater than marginal revenue
   B)Marginal revenue equals the change in total revenue from selling one more unit
   C)Price equals average revenue
   D)Profit equals total revenue minus total cost
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Valued Member
7 years ago
 Average revenue is greater than marginal revenue.
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