Which of the Following Statements Is Correct

question 105

Multiple Choice

Which of the following statements is correct?

• A)For all firms, marginal revenue equals the price of the good.
• B)Only for competitive firms does average revenue equal the price of the good.
• C)Marginal revenue can be calculated as total revenue divided by the quantity sold.
• D)Only for competitive firms does average revenue equal marginal revenue.

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Definitions:

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