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How to explain relation between AR and MR in perfect competition?
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How to explain relation between AR and MR in perfect competition?
MR(Rs.) As seen in the given schedule and diagram, price (AR) remains same at all level of output and is equal to MR. As a result, demand curve (or AR curve) is perfectly elastic. Always remember that when a firm is able to sell more output at the same price, then AR = MR at all levels of output
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How to explain relation between AR and MR in perfect competition?
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How to explain relation between AR and MR in perfect competition? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about How to explain relation between AR and MR in perfect competition? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How to explain relation between AR and MR in perfect competition?.
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