Which of the Following Statements Is True

question 200

Multiple Choice

Which of the following statements is true?

• A)When a competitive firm sells an additional unit of output, its revenue increases by an amount less than the price.
• B)Average revenue is the same as price for monopoly firms but not competitive firms.
• C)Average revenue is the same as price for competitive firms but not monopoly firms.
• D)When a monopoly firm sells an additional unit of output, its revenue increases by an amount less than the price.

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