PN equals average revenue or marginal revenue c... - JAMB Economics 2022 Question
PN equals average revenue or marginal revenue cure of
A
An imperfect competitive firm
B
a monopoly
C
a perfectly competitive firm
D
a monopolistic competitive firm
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Correct Option: C
Option C is the correct answer.
The average revenue or marginal revenue of a perfect market or perfectly competitive firm is represented by the figure PN in the diagram.
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