Under what condition does marginal revenue is always is always equal e

1.	Under what condition does marginal revenue is always is always equal explain
Answer» Under Perfect Competition, marginal revenue is always equal to price.A competitive firm\'s marginal revenue always equals its average revenue and price. This is because the price remains constant. In a monopoly, because the price changes as the quantity sold changes, marginal revenue diminishes and will always be equal to or less than average revenue.

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