At equilibrium in a market for a product. the total revenues received by sellers equal the


At equilibrium in a market for a product, the total revenues received by sellers equal the Multiple Choice market producer su

Answer

# The answer is (B) At the market equilibrium level, the total revenue collected by the seller is equal to the total amount spend by the buyers on that good or service. Also at equilibrium level, the marginal revenue is equal to Marginal cost of the product. Thankyou, Hope it helped. Do leave a thumbsup my friend

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