Question

what is the nature of TR,MR and AR in case of perfect competitive market​

Answer 1

$\huge\mathfrak\purple{Answer}$

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.

@MissTranquillity

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.

hope it help uh❤