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Homework answers / question archive / A perfectly competitive business's average revenue equals: a
A perfectly competitive business's average revenue equals:
a.
its total revenue
b.
the price being charged for the product when price discrimination is being practised
c.
total revenue divided by price
d.
its marginal revenue
So correct option is D "Its marginal revenue". In a perfect competition, marginal revenue is equal to price equal to average revenue equal to demand.
