Economy, asked by megeetapradhan7323, 11 months ago

What is the difference between the revenue curves of perfect and imperfect competition markets?

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Answered by Anonymous

1

Under perfect competition, average revenue curve is a straight horizontal line and is equal to MR. ... In all other markets, AR curve slopes downwards and MR curve lies below it. In oligopoly, however, AR curve cannot be drawn with definiteness but the practice is to draw downward sloping AR and MR curves.

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