Using the following data on Price structure of three market forms, Perfect competition, monopoly and monopolistic competition, draw the AR curves in the same diagram and compare their price elasticity of demand

Using the following data on Price structure of three market forms, Per

1.	Using the following data on Price structure of three market forms, Perfect competition, monopoly and monopolistic competition, draw the AR curves in the same diagram and compare their price elasticity of demand
Answer» <html><body><p><br/></p>Answer :1. <a href="https://interviewquestions.tuteehub.com/tag/perfect-1150611" style="font-weight:bold;" target="_blank" title="Click to know more about PERFECT">PERFECT</a> competition : <a href="https://interviewquestions.tuteehub.com/tag/perfectly-7309466" style="font-weight:bold;" target="_blank" title="Click to know more about PERFECTLY">PERFECTLY</a> elastic <br/> 2. Monopoly : <a href="https://interviewquestions.tuteehub.com/tag/less-1071906" style="font-weight:bold;" target="_blank" title="Click to know more about LESS">LESS</a> elastic <br/> 3. <a href="https://interviewquestions.tuteehub.com/tag/monopolistic-2180801" style="font-weight:bold;" target="_blank" title="Click to know more about MONOPOLISTIC">MONOPOLISTIC</a> competition : More elastic</body></html>