A Perfectly Competitive Firm's Total Revenue Is Equal to Which

question 114

Multiple Choice

A perfectly competitive firm's total revenue is equal to which of the following?

• A)average revenue multiplied by price.
• B)price times quantity of the product sold,divided by quantity of the product sold.
• C)the revenue received on the last unit sold.
• D)marginal revenue times quantity of the product sold.
• E)price multiplied by marginal revenue.

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