In a perfectly competitive market, price per unit to the purchaser is synonymous with per unit or revenue to a seller.
Question
Solution 1
In a perfectly competitive market, the price per unit to the purchaser is synonymous with the per unit revenue to a seller. This is because in a perfectly competitive market, sellers are price takers, meaning they accept the market price as given.
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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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