Economy, asked by swati8877, 3 months ago

(a)
Which of the following statements is accurate regarding a perfectly competitive firm?
Demand curve is downward sloping
The demand curve always lies above the marginal revenue curve
Average revenue need not be equal to price
Price is given and is determined by the equilibrium in the entire market
(b)
(c)
(d)

Answers

Answered by Asim16Sirnaik

3

Answer:

b)The demand curve always lies above the marginal revenue curve

Explanation:

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