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      Question

      Which of the following statements is

      accurate?
      A Under the perfect competition, the marginal revenue and average revenue are indicated by a common rectangular hyperbola Correct Answer Incorrect Answer
      B Under the perfect competition, the marginal revenue and average revenue are indicated by a common horizontal straight line Correct Answer Incorrect Answer
      C Under the perfect competition, the marginal revenue and average revenue are indicated by a common vertical straight line Correct Answer Incorrect Answer
      D Under the perfect competition, the marginal revenue and average revenue are indicated by different lines that are sloping downward Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Under the perfect competition, the marginal revenue and average revenue are indicated by a common horizontal straight line

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