Fill up the Blank. the Shape of the Average Revenue Curve Under Perfect Competition Would Be ____________. - Economics

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Fill in the Blanks

Fill up the blank.
The shape of the average revenue curve under perfect competition would be ____________.

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Solution

The shape of the average revenue curve under perfect competition would be a straight line parallel to the x-axis.

Concept: Effects of Shifts in Demand and Supply
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2018-2019 (March) 58/4/2
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