If the market price is $25 in a perfectly competitive market, the marginal revenue from selling the fifth unit is
A)$5.
B)$12.50.
C)$25.
D)$125.

Name: If the market price is $25 in a perfectly competitive market, the marginal revenue from selling the fifth unit is A)$5. B)$12.50. C)$25. D)$125.
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Question

Quizplus · Accepted Answer

In perfect competition, the marginal revenue is equal to the market price. Therefore, the marginal revenue from selling the fifth unit at $25 is also $25. Option C is the correct answer.

If the Market Price Is $25 in a Perfectly Competitive