Ayushi Asked a Question
August 12, 2020 7:04 pmpts 30 pts
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 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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  • 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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