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The theory of the firm under perfect competition — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsThe theory of the firm under perfect competition1 Mark
MCQ
Average revenue and price are always equal under:
  • ✓
    Perfect Competition only.
  • B
    Monopolistic Competition only.
  • C
    Monopoly only.
  • D
    All market forms.
✓

Answer

Correct option: A.
Perfect Competition only.

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