Economics (AS & A Level) · Oct / Nov 2021 · Paper 32 · Question 7
9708Different market structures
What is always present in monopolistic competition and perfect competition in the long run?
- Aaverage revenue = average costs
- Baverage revenue = marginal revenue
- Caverage costs = marginal costs
- Daverage costs = marginal revenue
As printed in the paper
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Correct answer: A. average revenue = average costs
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