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In perfect competition, since the firm i...

In perfect competition, since the firm is a price taker - which curve is a horizontal straight line parallel to the X-axis.

A

Marginal cost

B

Total cost

C

Total Revenue

D

Marginal Revenue

Text Solution

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The correct Answer is:
D

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Knowledge Check

  • If TR curve is a horizontal straight line parallel to the X-axis, then MR curve will:

    A
    Coincide with X-axis
    B
    Slope downwards
    C
    Slope upwards
    D
    horizontal straight line parallel to the X-axis
  • _____ curve is a horizontal straight line parallel to X-axis in perfect competition.

    A
    AR
    B
    MR
    C
    botha (a) and (b)
    D
    neiter (a) nor (b)
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