as the quantity sold rises for a seller in imperfect competition, what happens to the difference between price and marginal revenue? it gets larger and larger. it gets smaller and smaller. it remains constant and is smaller than price. it remains constant and is equal in size to price.

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22-11-2022
Business

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as the quantity sold rises for a seller in imperfect competition, what happens to the difference between price and marginal revenue? it gets larger and larger. it gets smaller and smaller. it remains constant and is smaller than price. it remains constant and is equal in size to price.

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gauravsingh23VT gauravsingh23VT · Answer 1 · 2022-11-29T11:47:24+01:00

It gets larger and larger happens to the difference between price and marginal revenue. Hence, option A is correct.

What is marginal revenue?

The margin of profit is equal to the sale price of a subsequent item sold. To calculate a company's marginal revenue, divide the variation in its total revenue by the variation in its total output volume. Marginal revenue is the selling price of one additional item that was sold.

Marginal revenue is the additional income generated by selling one more unit of output. Although marginal revenue can remain constant at a given level of output, the law of diminishing returns eventually causes it to start declining as output level increases.

Thus, option A is correct.

For more information about marginal revenue, click here:

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