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Average revenue of the firm

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Squeeze Inc. sells orange juice in a market where there are a large number of consumers and sellers. New firms can enter the market easily and also exit whenever they want to. It sells 40 bottles in a month at a price of $4 per bottle and incurs a cost of $5 per bottle. The average revenue of the firm:

  • is $4, which is equal to the marginal revenue.

  • will be greater than the marginal revenue.

  • will be less than the marginal revenue.

  • is $2, which is less than the market price.

Reference no: EM131396061

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