📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      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.  (ii) When AR is diminishing, MR also diminishes but AR diminishes at a faster rate as in the case of monopoly and monopolistic competition

      Practice Next
      ask-question