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Question Practice

How is marginal revenue (MR) affected if a firm increases its output in perfect competition?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

How is marginal revenue (MR) a...

Single Answer MCQ
Q-00089503

How is marginal revenue (MR) affected if a firm increases its output in perfect competition?

1

MR rises with increasing output

2

MR falls with increasing output

3

MR remains constant

4

MR varies unpredictably

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