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प्रश्न
Marginal revenue of a firm is constant throughout under : (choose the correct alternative)
a. Perfect competition
b. Monopolistic competition
c. Oligopoly
d. All the above
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उत्तर
The correct option is (a). A firm under perfect competition will go with the prevailing price which implies that the average revenue remains constant, and in turn, the marginal revenue also remains constant for all levels of output.
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