Advertisements
Advertisements
प्रश्न
In which one of the following types of markets are Average Revenue curve and Market Demand curve the same?
पर्याय
Monopoly
Oligopoly
Perfect Competition
Monopolistic Competition
MCQ
Advertisements
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.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
