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PN equals average revenue or marginal revenue cure of

PN equals average revenue or marginal revenue cure of
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A An imperfect competitive firm
  • B A monopoly
  • C A perfectly competitive firm
  • D A monopolistic competitive firm
Correct Answer: Option C
Explanation:
The figure PN in the diagram is Average revenue or marginal revenue of a perfect market or perfectly competitive firm.

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