Banking System and Capital Market Questions and Answers for Competitive Exams

Question

In a perfectly competitive market, a firm’s

A Average Revenue is always equal to Marginal Revenue
B Marginal Revenue is more than Average Revenue
C Average Revenue is more than Marginal Revenue
D Marginal Revenue and Average Revenue are never equal

Answer & Explanation

Answer: Option [A]

Read More Economics Solved Questions

Your Valuable Comments Please...