asked 19.1k views
4 votes
If the market price is $25 in a perfectly competitive market, the marginal revenue from selling the fifth unit is

1 Answer

5 votes

Answer:

the marginal revenue from selling the fifth unit is

$25

Step-by-step explanation:

Perfect competition is market structure in which the following information:

All firms sell an identical product .

All firms are price takers , cannot influence the market price .

Market share has no influence on prices.

Buyers have complete informationabout the product being sold and the prices .

Resources for such a labor are perfectly mobile.

Firms can enter or exit the market without cost

answered
User David Lowenfels
by
7.9k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories