In pure competition,the average revenue of a firm always equals:

Name: In pure competition,the average revenue of a firm always equals:
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In pure competition, a firm is a price taker and faces a perfectly elastic demand curve. Therefore, the firm can sell any quantity of output at the prevailing market price. Since the market price is constant and equal to both the average revenue and marginal revenue of the firm, the average revenue of a firm in pure competition always equals marginal revenue.

In Pure Competition,the Average Revenue of a Firm Always Equals