CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

Price takers face ______.
A. constant total revenues
B. falling marginal revenues
C. constant marginal revenue
Explanation: When price is constant, marginal revenue is equal to price and is constant as well.

User Contributed Comments 3

User Comment
eddeb P = MR
Kuki price takers = perfect competition....
r3v3r3n6o Doesn't MR constant on perfect competition because demand is perfectly elastic?
You need to log in first to add your comment.