If the average revenue is a horizontal straight line, marginal revenue will be :
(A) U shaped
(B) Kinked
(C) Identical with average revenue
(D) L shaped
Correct Answer : Identical with average revenue
The price of a good is also known as the Average Revenue of the firm. Average Revenue (AR) or Price and Marginal Revenue (MR) are identical. When the former is constant, the latter is also constant.
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