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Why AR=MR=money?

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Why AR=MR=money?
  • 2 answers
Under perfect competition market the price remains constant marginal revenue is eual to average revenue due to no change in the selling of products and due to large no. Of buyers and sellers uniform price prevails in the market and the formula of AR = TR / output AR = output×price / output It means that AR = price which is equal to money

Shubham Singh 7 years ago

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