| A firm is able to sell any quantity of a good at a given price. The firm?s marginal revenue will be: [1] |
| (Choose the correct alternative) |
| (a) Greater than Average Revenue |
| (b) Less than Average Revenue |
| (c) Equal to Average Revenue |
| (d) Zero |
Answer:
(c) The firm?s marginal revenue will be equal ton average revenue.
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