Where the Firm Is a Price Taker, Both Marginal Revenue

question 39

True/False

Where the firm is a price taker, both marginal revenue and average revenue are equal to price.

---

Definitions:

Financial Planning

The process of creating strategies for managing finances to achieve personal financial goals.

Inflation Rate

The velocity at which there is a general increase in the cost of goods and services, thereby reducing the effective purchasing capability.

Compound Interest CSB

The calculation of interest on a Canada Savings Bond (CSB) where interest earned also earns interest over time.

Redemption Value

The value at which a bond or other debt instrument can be redeemed before its maturity by the issuer.