For a perfectly competitive palm tree nursery in South Carolina,the total revenue curve is
A) downward sloping.
B) a horizontal line.
C) upward sloping.
D) U-shaped.
E) undefined because the firm is perfectly competitive.

Question

Quizplus · Accepted Answer

In a perfectly competitive market, a firm's total revenue curve is upward sloping because total revenue increases as the firm sells more units of its product, assuming the price per unit remains constant due to the market's competitive nature.

For a Perfectly Competitive Palm Tree Nursery in South Carolina,the