Business Studies, asked by abhijeetsingh2795, 7 months ago

How Market Price of a price taking firm and Average Revenue are related to each other. ​

Answers

Answered by ItzNiladoll
1

Answer:

ʜᴇʀᴇ ɪs ʏᴏᴜʀ ᴀɴsᴡᴇʀ ⬇️

Explanation:

ᴍᴀʀᴋᴇᴛ ᴘʀɪᴄᴇ ɪs ᴇǫᴜᴀʟ ᴛᴏ ᴍᴀʀɢɪɴᴀʟ ʀᴇᴠᴇɴᴜᴇ (ᴍʀ). ɪᴛ ʜᴀᴘᴘᴇɴs ʙᴇᴄᴀᴜsᴇ ᴛʜᴇ ᴘʀɪᴄᴇ-ᴛᴀᴋɪɴɢ ғɪʀᴍ ᴄᴀɴ sᴇʟʟ ᴍᴏʀᴇ ǫᴜᴀɴᴛɪᴛʏ ᴏғ ᴏᴜᴛᴘᴜᴛ ᴀᴛ ᴛʜᴇ sᴀᴍᴇ ᴘʀɪᴄᴇ. ɪᴛ ᴍᴇᴀɴs, ʀᴇᴠᴇɴᴜᴇ ғʀᴏᴍ ᴇᴠᴇʀʏ ᴀᴅᴅɪᴛɪᴏɴᴀʟ ᴜɴɪᴛ (ᴍʀ) ɪs ᴇǫᴜᴀʟ ᴛᴏ ᴘʀɪᴄᴇ ᴏʀ ᴀᴠᴇʀᴀɢᴇ ʀᴇᴠᴇɴᴜᴇ (ᴀʀ) ᴀs ᴘʀɪᴄᴇ = ᴀʀ.

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