Average+Revenue

__Average Revenue__

In perfect competition the AR, MR, Price, and the Demand Curve are all the same thing. In perfect competition you are not able to make your own price because you need to "price grab", meaning that you take the price from equilibrium or from the other businesses similar to yours. The definition of the average revenue would be the sum of all of the revenue divided by the quantity of products produced.



This video explains the revenue curves for firms; it includes marginal, average and total revenue. It seems to be very helpful determining what the lines for each looks like.

media type="youtube" key="kSoSqiqc_p8" height="344" width="425"

The term "average revenue" is used when talking about what kind of companies? Websites: [|Average Revenue Article] [|Average Revenue] [|Average Revenue] [|Average Revenue]

Answer: Telephone carriers, internet service provider, and hosts.