Which Statement Explains the Relationship Between Average Revenue,marginal Revenue,and Price

question 245

Multiple Choice

Which statement explains the relationship between average revenue,marginal revenue,and price in a competitive market

• A)Average revenue equals the price of the good, but marginal revenue is different.
• B)Marginal revenue equals the price of the good, but average revenue is different.
• C)Average revenue equals marginal revenue, but the price of the good is different.
• D)Average revenue, marginal revenue, and the price of the good are all equal to one another.

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Definitions:

Depressive Episode

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A psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event, characterized by flashbacks, nightmares, and severe anxiety.

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A facility in which individuals are forcibly confined and denied a variety of freedoms under the authority of the state as a form of punishment.