Answered: In pure competition, each extra unit of…

In pure competition, each extra unit of output that a firm sells will yield a marginal revenue that is equal to the price. less than the price. greater than the price. equal to the average cost.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter8: Perefect Competition

Section: Chapter Questions

Problem 9SQ

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Question

In pure competition, each extra unit of output that a firm sells will yield a marginal revenue that is

equal to the price.

less than the price.

greater than the price.

equal to the average cost.

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