Question

In an imperfectly competitive market. if the total revenue is maximum then marginal revenue will be?

Answer 1

Total revenue is maximum when mr is zero.

Answer 2

Total revenue and marginal revenue in imperfect competition

Explanation:

In an imperfect competition when Total Revenue(TR) is maximum then marginal revenue(MR) is zero.

Under imperfect competition the following relation exist between TR, Average revenue (AR) and MR:

• TR first increases , reaches maximum then declines.
• AR and MR both declines
• AR is always higher then MR
• when TR increases MR is positive.
• When TR is maximum, MR is zero.
• When TR declines, MR is negative.
• AR is always positive.
• AR is same as price

Learn more:

Relation between TR,AR and MR under perfect competition

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