price and average ravenue are always same ?
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Explanation:
The relation between average revenue and quantity of output produced depends on market structure. For a perfectly competitive firm, average revenue is not only equal to price, but more importantly, it is equal to marginal revenue, all of which are constant.
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Explanation:
Average Revenue is the per unit revenue (price) received from the sale of one unit of a commodity. Hence, it is proved that, AR = Price. ..
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