For a perfectly competitive firm, at the profit-maximising output, average revenue equals marginal cost.

Name: For a perfectly competitive firm, at the profit-maximising output, average revenue equals marginal cost.
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In a perfectly competitive market, a firm will produce where marginal cost equals marginal revenue, which is also equal to average revenue. Therefore, at the profit-maximizing output, average revenue will equal marginal cost.

For a Perfectly Competitive Firm, at the Profit-Maximising Output, Average