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The theory of the firm under perfect competition — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
How does AR curve under perfectly competitive market looks like?
  1. Downward sloping.
  2. Straight line parallel to X-axis.
  3. Upward sloping.
  4. Straight line parallel to Y-axis.
✓

Answer

  1. Straight line parallel to X-axis.

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