Refer to the above graph for a firm in pure competition.Line B represents:

Name: Refer to the above graph for a firm in pure competition.Line B represents:
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Question

Quizplus · Accepted Answer

Line B represents marginal revenue, which is the change in total revenue that results from selling one additional unit of output. In pure competition, marginal revenue is equal to the price of the good or service, and is often represented as a horizontal line. Therefore, the correct choice is B.

Refer to the Above Graph for a Firm in Pure