Economy, asked by nk7403796, 1 day ago

Q.3. Which of the following is not a characteristic of a firm of a price taker firm? A. TR = PxQ B. AR=Price C. Negatively sloped demand curve D. Marginal revenue= price

Answers

Answered by suhildewan35

1

Explanation:

Price taker firm exist in ease of perfect competition where the demand curve is a straight line parallel to the x-axis as the firm can sell any amount of the commodity at the same price. So demand curve will not be negatively sloped.

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