Statement 1 Marginal revenue curve is parallel to x axis Statement 2 The slope of marginal reve...........

Economics (CUET) Theory of firm under perfect Competition

Statement 1: Marginal revenue curve is parallel to x-axis.

Statement 2: The slope of marginal revenue curve is upward sloping.

Both the statements are true.

Both the statements are false.

Statement 1 is true but statement 2 is false.

Statement 1 is false but statement 2 is true.

Option (3) is correct.

Statement 1 is true but statement 2 is false.

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