Question
1.In a perfectly competitive market, the price that the firm faces from supply and demand is also equal to: average variable cost. marginal revenue and
1.In a perfectly competitive market, the price that the firm faces from supply and demand is also equal to:
average variable cost.
marginal revenue and average revenue.
average revenue but never marginal revenue.
long run average cost in the short run.
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A Textbook Of Mathematical Economics
Authors: Dr Chandrakant Singh
1st Edition
9353140986, 9789353140984
