#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
For a firm in a perfectly competitive market, all units are sold at the same price regardless of quantity
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Parent (intermediate) annotationOpen itFor a firm in a perfectly competitive market, all units are sold at the same price regardless of quantity, so that average revenue and marginal revenue are both equal to the market price, or AR = MR = price.
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- (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p64
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