Average revenue curve under perfect competition is
A) Upward sloping
B) Downward sloping
C) Horizontal straight line
D) Vertical straight line
Correct Answer:
Verified
Q9: Under perfectly competitive market an individual seller
Q10: Uniform price is a feature of
A)Perfect competition
B)Monopoly
C)Monopolistic
Q11: Which of the following is not a
Q12: A perfectly competitive firm gets only normal
Q13: Which one of the following is a
Q15: Marginal revenue curve under perfect competition is
A)Upward
Q16: Average revenue curve under imperfect competition is
A)Upward
Q17: Marginal revenue curve under imperfect competition is
A)Upward
Q18: Perfect competition prevails when the demand for
Q19: Equilibrium price is determined under perfect competition
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