Question

why AR and MR is equal at every level of output sold under perfect competition.​

Answer 1

Answer:

here is your answer

Explanation:

Summary. All profit maximizing firms in a perfectly competitive market will produce at a level where P=MR = MC = AC = AR. The first equality because of each firm is a price taker and no matter how much it sell, the additional unit is sold at the market price. Thus the MR must equal Price