Unit price and average revenue are the same or equal in
A) pure competition only.
B) pure monopoly only.
C) monopolistic competition only.
D) all market structures.

Name: Unit price and average revenue are the same or equal in A) pure competition only. B) pure monopoly only. C) monopolistic competition only. D) all market structures.
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Question

Quizplus · Accepted Answer

In perfect competition, the unit price and average revenue are equal because firms are price takers and have no control over the market price.

Unit Price and Average Revenue Are the Same or Equal