Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Firms under Perfect Competition

Question:
Demand curve in a perfectly competitive market can also be called as
Options:
AR curve
Price line
Both 1 and 2
None of above
Correct Answer:
Both 1 and 2
Explanation:
In a perfectly competitive market, Demand curve, MR curve and Are curve and price line coincide.