Which of the following statements regarding a price-taking, Ask an Expert

Economics

Which of the following statements regarding a price-taking firm is correct?

Demand = average revenue > marginal revenue.

Demand = marginal revenue > average revenue.

Demand = price = average revenue = marginal revenue.

Demand = price > average revenue > marginal revenue.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91697154

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