Explain the behaviour of TR MR and AR for a firm which sells its intir – InterviewSolution

1.

Explain the behaviour of TR MR and AR for a firm which sells its intire output at same price

Answer»

AR =MR

TR will increase at CONSTANT rate

Explanation:

when price is constant, AR is also constant, TR will increase at constant rate and this is a SITUATION of perfect competition where AR=MR

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