Home
Class 11
ECONOMICS
Draw the AR curve of a firm under (i) Mo...

Draw the AR curve of a firm under (i) Monopoly and (ii) Perfect competition. Explain the difference in these curves, if any.

Text Solution

Verified by Experts


Defference. AR curve in perfect competition is perfectly elastic due to uniformity in price whereas in monopoly, it is less elastic and downward sloping due to reduction in price.
Promotional Banner

Topper's Solved these Questions

  • FORMS OF MARKET AND PRICE DETERMINATION UNDER PERFECT COMPETITION WITH SIMPLE APPLICATIONS

    RADHA BHUGANA|Exercise VALUE BASED QUESTIONS|3 Videos

  • FORMS OF MARKET AND PRICE DETERMINATION UNDER PERFECT COMPETITION WITH SIMPLE APPLICATIONS

    RADHA BHUGANA|Exercise UIDELINES TO NCERT QUESTIONS|7 Videos

  • FORMS OF MARKET AND PRICE DETERMINATION UNDER PERFECT COMPETITION WITH SIMPLE APPLICATIONS

    RADHA BHUGANA|Exercise CONCEPTUAL QUESTIONS|8 Videos

  • ELASTICITY OF DEMAND

    RADHA BHUGANA|Exercise Unsolved Numericals|24 Videos

  • INTRODUCTION

    RADHA BHUGANA|Exercise Unsolved Numericals|4 Videos

Similar Questions

Explore conceptually related problems

Drae average revenue curve of a firm under (i) monopoly and (ii) perfect competition. Explain the difference in these curves, if any.

Draw AR,MR curves of a firm under : (i) Perfect competition (ii) Monopoly

Draw and compare the AR curves of a frim under monopoly and monopolistic competition in a single diagram.

Draw AR and MR curves of a firm under perfect competition and under monopoly.

Draw average revenue curve of a firm under perfect competition.

Draw a demand curves of a firm under perfect competition. Explain why does it assume such a shape.

Draw AR curves of a firm under perfect competiton and monopoly.