Crowdly

Add to Chrome

Which one of the following statements is incorrect? Under perfect competition

✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.

Which one of the following statements is incorrect? Under perfect competition

average revenue is always equal to marginal revenue.

❌

marginal revenue is always equal to the price of the product.

❌

average revenue is always equal to the price of the product.

❌

marginal revenue is always equal to marginal cost.

✅

More questions like this

Want instant access to all verified answers on mymodules.dtls.unisa.ac.za?

Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!

Add to Chrome

Telegram Instagram TikTok Question Bank

Terms of Use Contact Us