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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