Which of the Following Is Not True for a Firm

question 25

Multiple Choice

Which of the following is not true for a firm in perfect competition?

• A)Profit equals total revenue minus total cost.
• B)Price equals average revenue.
• C)Average revenue is greater than marginal revenue.
• D)Marginal revenue equals the change in total revenue from selling one more unit.

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Definitions:

Hydrocephaly

A condition characterized by an abnormal accumulation of cerebrospinal fluid within the ventricles of the brain, leading to increased pressure.

Ventricular Enlargement

This term refers to the expansion or increase in size of the ventricles in the brain, which can be indicative of disease or damage.

Cleft Palate

A congenital deformity resulting in an opening or split in the roof of the mouth, affecting speech, eating, and sometimes hearing.

Neural Crest Cells

Embryonic cells that can migrate and form a wide variety of cell types, including neurons, glial cells, and smooth muscle cells.