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Why is AR curve of a firm under perfect competition market parallel to x axis and negatively sloped under monopoly?
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Why is AR curve of a firm under perfect competition market parallel to...
It is because price of goods under perfect competition is constant because of competition if anyone fluctuate their price customer shifted to other firm so AR is constant so MR is constant too it's means AR = MR and in monopoly firm is price maker so they can set the price they want so it slope downward
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Why is AR curve of a firm under perfect competition market parallel to x axis and negatively sloped under monopoly?
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Why is AR curve of a firm under perfect competition market parallel to x axis and negatively sloped under monopoly? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Why is AR curve of a firm under perfect competition market parallel to x axis and negatively sloped under monopoly? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why is AR curve of a firm under perfect competition market parallel to x axis and negatively sloped under monopoly?.
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