ocion 5 another question will save this respons Refer to Fig

ocion 5 another question will save this respons Refer to Figure 1 in the image file for a purely competitive firm. Curve Crepresents O total revenue. O market price and marginal revenue. average revenue and marginal revenue. market price, average revenue, and marginal revenue. Moving to another question will save this response. Figures Figure 1 PIC.COLLAGE

Solution

In a perfect competitive firm demand curve is horizontal where Price = Marginal Revenue = Average Revenue and in the figure it is represented by curve C

Therefore (d)market price, average revenue and marginal revenue is the answer

 ocion 5 another question will save this respons Refer to Figure 1 in the image file for a purely competitive firm. Curve Crepresents O total revenue. O market

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