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प्रश्न
What is the relationship between AR and MR under perfect competition?
पर्याय
AR > MR
AR < MR
AR = MR
AR ≠ MR
MCQ
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उत्तर
AR = MR
Explanation:
In perfect competition, the average revenue (AR) and marginal revenue (MR) are equal because firms are price takers and cannot influence the market price.
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