Bissoy.com
Doctors Medicines MCQs Q&A

  1. Oligopoly
  2. Monopoly
  3. Perfect competition
  4. Monopolistic competition
4 views

1 Answers

Answer: Option 3

Under Perfect competition market structure, average revenue of a firm is equal to its marginal revenue. For a perfectly competitive firm, average revenue is not only equal to price, but more importantly, it is equal to marginal revenue, all of which are constant.

4 views

Related Questions