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The MR = MC rule can be restated for a purely competitive seller as P = MC because:? 1 each additional unit of output adds exactly its price to total revenue. 2 the firm's average revenue curve is downsloping.
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28 votes
The MR = MC rule can be restated for a purely competitive seller as P = MC because:?

1 each additional unit of output adds exactly its price to total revenue.

2 the firm's average revenue curve is downsloping.

3 the market demand curve is downsloping.

4 the firm's marginal revenue and total revenue curves will coincide.

User Ccred
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16 votes
16 votes
1 each additional unit of output adds exactly its price to total revenue
User Sheo Sagar
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