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Marginal revenue equals ______ price. -

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Question

Marginal revenue equals ______ price.

Options

  • Market

  • Industry

  • Consumer

  • None of the above

MCQ
Fill in the Blanks

Solution

Marginal revenue equals Market price.

Explanation:

Because the market price is unaffected by a single firm's output choice, marginal revenue equals market price.

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Ordinal Approach (Utility Analysis)
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