Describe the meaning of Marginal Revenue
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Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit of output. ... In economic theory, perfectly competitive firms continue producing output until marginal revenue equals marginal cost.
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Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit of output. ... In economic theory, perfectly competitive firms continue producing output until marginal revenue equals marginal cost.
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