In Pure Competition,marginal Revenue Is

question 115

Multiple Choice

In pure competition,marginal revenue is:

• A) equal to total revenue.
• B) equal to product price.
• C) less than product price.
• D) greater than product price.

---

Definitions:

Market Share

The percentage of an industry's sales that a particular company controls, indicating its size relative to its competitors.

Peer Delinquent Subculture

An antisocial youth subculture.

Antisocial

Behaviors or attitudes that go against social norms, often harming others or lacking consideration for others' wellbeing.

Panhandling

The act of begging in public places, often seen on streets or near public transports.