Quick plz 15 State, with valid reasons, which of the following statement are true or false: - Economics - Market Equilibrium

Question

Quick plz

15 State, with valid reasons, which of the following statement are
true or false:

a Average Revenue curve under the Perfect competition is a downward
sloping curve
b AFC curve is a rectangular hyperbola curve
c When MR is falling but positive, TR will also be falling and
positive

Pooja Bachwani · Accepted Answer

Your answer
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Quick plz 15. State, with valid reasons, which of the following statement are true or false: a. Average Revenue curve under the Perfect competition is a downward sloping curve b. AFC curve is a rectangular hyperbola curve c. When MR is falling but positive, TR will also be falling and positive

Quick plz

15. State, with valid reasons, which of the following statement are true or false:

a. Average Revenue curve under the Perfect competition is a downward sloping curve
b. AFC curve is a rectangular hyperbola curve
c. When MR is falling but positive, TR will also be falling and positive