Business
Business, 31.07.2019 08:50, deandrehudson18

For a perfectly competitive firm, the price of its good is equal to the firm's marginal revenue because

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Business, 06.08.2019 02:30, baeethtsadia
Which of the following statements is correct for both a monopolist and a perfectly competitive firm? (i) the firm maximizes profits by equating marginal revenue with marginal cost. (ii) (ii) the firm maximizes profits by equating price with marginal cost. (iii) (iii) demand equals marginal revenue. (iv) (iv) average revenue equals price. a. (i) and (iv) only b. (i), (iii), and (iv) only c. (i), (ii), (iii), and (iv)
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Business, 21.08.2019 16:20, ciel8809
Gwhat is one difference between a firm in a perfectly competitive industry and a firm in a monopolistically competitive industry? a monopolistically competitive industry does not have a large number of sellers. a monopolistically competitive firm does not face entry from other firms. a monopolistically competitive firm does not choose a level of output where marginal cost is equal to marginal revenue. a monopolistically competitive firm does not have the exact same product as other firms.
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Business, 18.10.2019 00:00, abhibhambhani
The increase in total revenue that results from selling one more unit of output is a. marginal revenue. b. average revenue. c. marginal cost. d. none of the above. what is the relationship between price, average revenue, and marginal revenue for a firm in a perfectly competitive market? a. price is equal to both average revenue and marginal revenue. b. price, average revenue, and marginal revenue usually all have different values. c. price is greater than average revenue and equal to marginal revenue. d. price is equal to average revenue and greater than marginal revenue.
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