Ayushi posted an Question
August 13, 2020 • 00:34 am 30 points
  • UGC NET
  • Economics

19. average revenue (ar) and marginal revenue (mr) are the same when price -with sale of additional unit of output, (1) increases (2) decreases (3) does not cha

19. Average Revenue (AR) and Marginal Revenue (MR) are the same when price -with sale of additional unit of output, (1) Increases (2) Decreases (3) Does not change (4) Keeps fluctuating

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    Nidhi taparia

    19. Option (3) is correct. AR and MR are equal to each other when price does not change with additional unti of output. This is the case of perfectly competitive markets.

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    Nidhi taparia Best Answer

    19. Option (3) is correct. AR and MR are equal to each other when price does not change with additional unti of output. This is the case of perfectly competitive markets.

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