Economy, asked by shormimahua, 7 months ago

Why is the AR parallel to the x-axis in a perfectly competitive market?

Answers

Answered by sainikaur217

Answer:

Under perfect competition AR curve is parallel to x-axis because AR is equal to price and remains constant. ... Price line is a straight line that represents the market price facing a competitive firm.

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Why is the AR parallel to the x-axis in a perfectly competitive market?​

Answers

Why is the AR parallel to the x-axis in a perfectly competitive market?