xplain the relationship between TR and MR of a market in which a firm is able to sell more output only by lowering the price

In this question, you need to explain the relationship between MR and AR in case of imperfect competition.

You can refer to the study material using the below link to study the relationship between MR and AR. After clicking the link, scroll down to chapter-4 (named as Theory of Firm under Perfect Competition)--> Lesson-1 (named as Concept of Revenue)--> under the topic Relationship between TR, AR and MR.


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