For a perfectly competitive firm, a. P = AR at all levels of ...

[B]

For a perfectly competitive firm,
 a. P = AR at all levels of output
  b. P = AR at the profit-maximizing quantity only
  c. P > AR at all levels of output
  d. P < AR at the profit-maximizing quantity only
  e. P < AR at all levels of output

Question 2

For a nondiscriminating monopolist, describe the relationship between market price (P), average revenue (AR), and marginal revenue (MR).
 a. P = AR = MR
  b. P > AR = MR
  c. P = AR > MR
  d. P > AR > MR
  e. P = AR < MR

[Jordin Calloway]

Answer to Question 1

A

Answer to Question 2

C

[B]

Wow, this really help

[Joy Chen]

YES! Correct, THANKS for helping me on my review