If a firm is a price taker,then its marginal revenue will always equal

Name: If a firm is a price taker,then its marginal revenue will always equal
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Question

Quizplus · Accepted Answer

If a firm is a price taker, it has no control over the market price and must accept the prevailing price. In this case, the marginal revenue, which is the change in revenue resulting from a one-unit change in the quantity sold, will always be equal to the market price. Therefore, the answer is A - price.

If a Firm Is a Price Taker,then Its Marginal Revenue