If the selling price of a product under perfect competition is Rs. 25

If the selling price of a product under perfect competition is Rs. 25, the Marginal Revenue will be
(a) zero
(b) equal to Rs. 25
(c) more than Rs. 25
(d) less than Rs. 25

Anurag Mishra Professor Asked on 20th March 2016 in Economics.
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  • 2 Answer(s)

    Answer: (a) zero 

    Anurag Mishra Professor Answered on 20th March 2016.
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    B) equal to Rs 25
    Because For a perfectly competitive firm, marginal revenue is equal to price and average revenue, all three of which are constant.

    dhiraj Default Answered on 27th March 2016.
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