Average revenue and Price are always equal underchoose the correct alternative CBSE Economics class 12 2017

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Average revenue and Price are always equal under:(choose the correct alternative) - CBSE Economics class 12 2017

(a) Perfect competition only
(b) Monopolistic competition only
(c) Monopoly only
(d) All market forms


By:Aparna-Dasgupta

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Answer 4
The correct answer is option (d). Average revenue (AR) and price always equal under all market forms. As we know that AR is equal to per unit sale receipts and price is always per unit. This is because the sellers receive revenue according to price.


milan-ransingh

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