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प्रश्न
Mark the right option from the options given below about the shape of AR curve under monopoly/ imperfect competition:
विकल्प
upward sloping
horizontal line
U-shaped
downward sloping
MCQ
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उत्तर
Downward sloping
Explanation:
Under imperfect competition, a firm must lower its price to sell more output. Since average revenue equals price, the AR curve slopes downward.
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