Multiple Choice Questions on AR curve is a horizontal straight line the MR curve will be ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

AR curve is a horizontal straight line the MR curve will be ........

Economics (CUET) Theory of firm under perfect Competition
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    AR curve is a horizontal straight line, the MR curve will be:

     

    Downward sloping
     

    Incorrect Answer

    Horizontal straight line
     

    Correct Answer

    Upward sloping
     

    Incorrect Answer

    Inversely shaped

    Incorrect Answer
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    Explanation:

    Option (2) is correct.
    Explanation: In case of perfect competition, AR curve is horizontal straight line. Hence, TR curve rises at a constant rate, and, thus, AR and MR curve is horizontal straight line.

    By: Parvesh Mehta
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