When perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. When it sells one hundred units, marginal revenue is $4.67. We can conclude that the price is: ____
(A) $4.67.
(B) dropping.
(C) The price cannot be calculated with the information given.
(D) too high.

In a perfectly competitive market, marginal revenue always is equal to price. Also, the price is not determined by the firms, it is given by the market because producers doesn´t have any power of decision in this matter.

Due to that, the price is constant, independent the quantity sold.

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When perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. When it sells one hundred units, marginal revenue is $4.67. We can conclude that the price is: ____ (A) $4.67. (B) dropping. (C) The price cannot be calculated with the information given. (D) too high.

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When perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. When it sells one hundred units, marginal revenue is $4.67. We can conclude that the price is: ____
(A) $4.67.
(B) dropping.
(C) The price cannot be calculated with the information given.
(D) too high.