Economy, asked by akanshacom79, 10 months ago

why average revenue alwys equal to price 4 marks​

Answers

Answered by Anonymous
1

Answer:

Under the perfect competition market, AR is equal to MR at all levels of output. Individual buyers cannot influence the market price of a good by varying their demands, and an individual buyer is a price taker and not a price maker. Hence, AR = MR and price will remain the same.

Explanation:

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