Economics Multiple Choice Question – 25 November 2018

For a perfectly competitive firm, the price is the same as …..……. ?

Select ONE answer:

1. total revenue.
2. average variable cost.
3. marginal revenue.
4. both answers A and B are correct.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 3

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