The average revenue curve of a firm in a perfect market i...
The average revenue curve of a firm in a perfect market is the same as the
Supply curve of the firm
Average cost curve of the firm
Demand curve of the firm
Total revenue curve of the firm
Correct answer is C
The average revenue curve of a firm in a perfect market is the same as the demand curve of the firm. This is because in a perfect market, the firm is a price taker, meaning that they cannot influence the market price. As a result, the firm's demand curve is also the market demand curve, and the average revenue curve is equal to the demand curve.
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