Banking System and Capital Market Questions and Answers for Competitive Exams

Home/
General Knowledge/
in-a-perfectly-competitive-market-a-firms

By Gkseries see more questions

Q.

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]

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Read More Economics Solved Questions

Click Here to Read more questions