If a perfectly competitive gardening shop sells 30 evergreen bushes at $10 per bush,its marginal revenue is:

Question

Quizplus · Accepted Answer

In a perfectly competitive market, the firm is a price taker, meaning it has no control over the price and must accept the market price. Therefore, the marginal revenue for each additional unit sold is equal to the market price, which in this case is $10 per bush. Hence, the answer is A) $10.

If a Perfectly Competitive Gardening Shop Sells 30 Evergreen Bushes