In perfect competition, the average revenue curve of a fi...
In perfect competition, the average revenue curve of a firm is
Below the marginal revenue curve
Downward sloping
The marginal revenue curve
Convex to the origin
Correct answer is C
For a perfectly competitive firm, the average revenue curve is a horizontal, or perfectly elastic, line. It is the same as a marginal revenue curve which is also a horizontal line at the market price, implying perfectly elastic demand.
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