MCQOPTIONS
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| 1. |
In a perfectly competitive market, a firm's - |
| A. | Average Revenue is always equal to Marginal Revenue |
| B. | Marginal Revenue is more than Average Revenue |
| C. | Average Revenue is more than Marginal Revenue |
| D. | Marginal Revenue and Average Revenue are never equal |
| Answer» B. Marginal Revenue is more than Average Revenue | |