in-perfect-competition-what-happens-to-total-revenue-when-a-firm-sells-one-addit

Question

In perfect competition, what happens to total revenue when a firm sells one additional unit?

Accepted Answer

Total revenue increases by an amount equal to the market price.

Answer

Total revenue increases by an amount less than the market price.

Answer

Total revenue remains unchanged.

Answer

Total revenue decreases by an amount equal to the market price.