For a perfectly competitive firm,marginal revenue:

A) is less than price.
B) is greater than price.
C) decreases as the firm increases output.
D) is equal to price.

Marginal Revenue

The supplementary income derived from the sale of one extra product or service unit.

Perfect Competition

A market setup where numerous small companies, offering indistinguishable products and having the freedom to enter or exit the market, results in firms accepting the market price without influencing it.

Equal to Price

Equal to price refers to a situation where a particular value, cost, or measure is identical to the price level of a good or service, indicating a direct correlation between the two.