Question

explain the relationship between MR and TR under perfect competition?​

Answer 1

Answer:

As price is given, MR is equal to the given price, i.e., AR = MR. Under perfect competition, as price does not change, TR changes only in proportion to the change in the volume of sales. That is why AR curve is identical to the MR curve under perfect competition, as shown in Fig. ... TR = OP.

Explanation:

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Answer 2

Answer:

As price is given, MR is equal to the given price, i.e., AR = MR. Under perfect competition, as price does not change, TR changes only in proportion to the change in the volume of sales. That is why AR curve is identical to the MR curve under perfect competition, as shown in Fig. ... TR = OP.

Explanation:

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