A perfectly competitive firm's marginal revenue
A) may be either greater or less than price, depending on the quantity sold.
B) is equal to price.
C) is greater than price.
D) is less than price because a firm must lower its price to sell more.
B
Economics
You might also like to view...
Suppose the McCormick Corporation releases an earnings report that fails to meet the market's expectations. What does the efficient markets hypothesis predict will happen to McCormick's stock price?
Economics
In the equation of exchange, the nominal GDP is designated by:
A. PQ/M. B. MV/P. C. PQ. D. MV.
Economics