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प्रश्न
Under perfect competition, why is the Total Revenue (TR) curve a straight line from the origin?
पर्याय
The firm can sell any quantity at the same market price
The firm is a price maker and can change the price
Total Cost increases at a constant rate
Marginal Cost is constant at all levels of output
MCQ
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उत्तर
The firm can sell any quantity at the same market price
Explanation:
The firm is a price taker, so TR increases at a constant rate with output, giving a straight-line TR curve.
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