Economics · Market Structures
In a perfectly competitive market structure, which of the following mathematical relationships between Average Revenue (AR) and Marginal Revenue (MR) always holds true?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1AR × MR = 1
- 2AR = MR✓
- 3AR < MR
- 4AR > MR
Correct answer
AR = MR
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