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Revenue and market power

Revenue and market power

Total revenue is price multiplied by quantity: TR=P×QTR = P \times QTR=P×Q. Average revenue is revenue per unit, so AR=TRQ=PAR = \dfrac{TR}{Q} = PAR=QTR​=P and the AR curve is also the firm's demand curve.

7.6.4 performance of firms in different market structures Lesson

  1. Intl A Level
  2. /Economics
  3. /7.6.4 performance of firms in different market structures

Step-by-step lessons on CIE Intl A Level Economics 7.6.4 performance of firms in different market structures. Each one builds up to exam-style questions.

Lessons