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For a firm operating in a competitive industry, which of the following statement

ID: 1188401 • Letter: F

Question

For a firm operating in a competitive industry, which of the following statements is not correct? Answer Price equals average revenue. Price equals marginal revenue. Total revenue is constant. Marginal revenue is constant. For a firm operating in a competitive industry, which of the following statements is not correct? For a firm operating in a competitive industry, which of the following statements is not correct? Price equals average revenue. Price equals marginal revenue. Total revenue is constant. Marginal revenue is constant. Price equals average revenue. Price equals marginal revenue. Total revenue is constant. Marginal revenue is constant.

Explanation / Answer

Price equals marginal revenue.

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