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Why is price per unit equal to AR and MR for a competitive firm? - Economics

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प्रश्न

Why is price per unit equal to AR and MR for a competitive firm?

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उत्तर

In perfect competition, price per unit is equal to AR and MR because the firm sells every unit at the same fixed market price. So, Price = AR = MR at all levels of output. 

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अध्याय 8: Cost and Revenue Analysis - TEST YOURSELF QUESTIONS [पृष्ठ १६१]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 8 Cost and Revenue Analysis
TEST YOURSELF QUESTIONS | Q 52. (ii) | पृष्ठ १६१
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