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Question
Marginal revenue of a firm is constant throughout under:
Options
Perfect Competition
Monopolistic Competition
Oligopoly
All the above
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Solution
Perfect Competition
Explanation:
A firm's marginal revenue remains constant under perfect competition because it is a price taker. This means that the firm can sell any amount of its product at the current market price, and the additional revenue obtained from selling one more unit (marginal revenue) is constant and equal to the price.
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