For a purely competitive firm,total revenue:

A) is price times quantity sold.
B) increases by a constant absolute amount as output expands.
C) graphs as a straight upsloping line from the origin.
D) has all of these characteristics.

Purely Competitive

A market structure characterized by many sellers offering identical products with no single seller able to influence the market price.

Total Revenue

The total amount of money a firm receives from sales of its products or services before any expenses are subtracted.

Quantity Sold

The total number of units of a product or service that have been purchased by consumers during a specific period.