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Revenue in Perfect Competition
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Problem 10
Revenue in Perfect Competition
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11. Perfect Competition / Revenue in Perfect Competition / Problem 6
Problem 6
What distinguishes perfect competition from other market structures in terms of revenue?
A
Marginal revenue is always less than average revenue.
B
Firms can set their own prices.
C
Average revenue is always greater than marginal revenue.
D
Both average revenue and marginal revenue equal the market price.
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