Question

why price equal to AR,MR under perfect competition market?​

Answer 1

explain

Under perfect competition MR = AR but under monopoly

(or ... Simply put, under perfect competition MR = AR because all goods are sold at a single (i.e. same price) price in the market. ... Clearly with sale of every additional unit of the product, additional revenue (i.e. MR) and average revenue (AR) will become equal to Price. Hence both AR and MR will be equal to each other.

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