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    Question

    When AR is constant, MR is

    A less than AR Correct Answer Incorrect Answer
    B equals to AR Correct Answer Incorrect Answer
    C more than AR Correct Answer Incorrect Answer
    D zero Correct Answer Incorrect Answer

    Solution

    (i) When AR is constant, it is equal to MR under perfect competition.┬а (ii) When AR is diminishing, MR also diminishes but AR diminishes at a faster rate as in the case of monopoly and monopolistic competition

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