Which of the following is not true about the slope of the total revenue curve for a perfectly competitive firm?
It increases at a constant rate.
It is the marginal revenue.
It is constant.
It equals the price for a competitive firm.
Someone told me it was "It increases at a constant rate." but i'm skeptical because I thought it was "It is the marginal revenue." Can someone please help me!!!
The answer is A. The slope of total revenue curve is MR=P in this market. It is constant. So it is not increasing.
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