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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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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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