Under what market condition does average Revenues always equal to Marg

1.	Under what market condition does average Revenues always equal to Marginal Revenues ? Explain.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Under <a href="https://interviewquestions.tuteehub.com/tag/perfect-1150611" style="font-weight:bold;" target="_blank" title="Click to know more about PERFECT">PERFECT</a> competition the average <a href="https://interviewquestions.tuteehub.com/tag/revenue-1188040" style="font-weight:bold;" target="_blank" title="Click to know more about REVENUE">REVENUE</a> is equal to marginal revenue. This is because the firm can <a href="https://interviewquestions.tuteehub.com/tag/sell-1200244" style="font-weight:bold;" target="_blank" title="Click to know more about SELL">SELL</a> an extra unit at the same price. Hence average revenue or price is equal to the marginal revenue.</body></html>

Under what market condition does average Revenues always equal to Marginal Revenues ? Explain.