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.

Average Revenue Graph
Average Revenue Graph

























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.







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.