Economy, asked by lalchhuanawma7641, 7 months ago

Explain the nature and shape of average revenue curve of a firm under perfect competition

Answers

Answered by bhaeshlunia10

10

Answer:

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Explanation:

Under a perfectly competitive market, Average Revenue curve is drawn as the horizontal line parallel to X- axis. ... Thus, firms have no role to play other than supplying the required output at the existing market price which results in straight line AR curve parallel to X-axis.

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