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प्रश्न
In which one of the following types of markets are Average Revenue curve and Market Demand curve the same?
विकल्प
Monopoly
Oligopoly
Perfect Competition
Monopolistic Competition
MCQ
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उत्तर
Perfect Competition
Explanation:
In perfect competition, the average revenue curve corresponds with the market demand curve since each firm is a price taker and sells their products at the market price, which is determined by market demand, resulting in a horizontal AR curve at this price.
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