Economy, asked by Sarmin0922, 3 months ago

What is the relation between VMPP and MRP under imperfect competition in goods market ?​

Answers

Answered by anitakeshari349
1

Answer:

Under perfect competition AR is always equal to MR and thus, VMP of a factor is equal to its MRP. But under imperfect competition and monopoly MRP of factor is less than its VMP because MR<P.

Answered by kashvigupta21
1

sorry can't able to understand

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