Match the following.ABPerfect competitionTR - TCTRMinimum point of AVC – InterviewSolution

1.

Match the following.ABPerfect competitionTR - TCTRMinimum point of AVCProfitPrice takerShutdown PointPrice x QuantitySupply curve of the firmRise in-unit taxShift of supply curveRising portion of SMC

Answer»

A	B
Perfect competition	Price taker
TR	Price x Quantity
Profit	TR - TC
Shutdown Point	Minimum point of AVC
Supply curve of the firm	Rising portion of SMC
Shift of supply curve	Rise in- unit tax

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