1.

State, with valid reasons, which of the following statement are true or false: a. Average Revenue curve under the Perfect Competition is a downward sloping curve. b. AFC curve is a rectangular hyperbola curve. c. When MR is falling but positive, TR will also be falling and positive.

Answer»

State, with valid reasons, which of the following statement are true or false:

a. Average Revenue curve under the Perfect Competition is a downward sloping curve.

b. AFC curve is a rectangular hyperbola curve.

c. When MR is falling but positive, TR will also be falling and positive.



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