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11-06-2017
Business

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For a uniform-price monopolist _; and for a perfectly competitive firm _ :

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BlueSky06 BlueSky06

25-06-2017

For a uniform-price monopolist the Profit is equal to Average Revenue as long as Average revenue is greater than Marginal revenue (P = AR > MR ). For a perfectly competitive firm, the Profit is equal to both Average Revenue and it is also equal to Marginal Revenue (P = MR = AR).

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