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What is behaviour of average revenue in a market in which a firm can sell more only by lowering the price?

+1 vote

asked Jan 30, 2019 in Class 12 by kratos

What is behaviour of average revenue in a market in which a firm can sell more only by lowering the price?

class-12
forms of market and price determination
non competitive markets
production function and cost production
cbse

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1 Answer

+6 votes

answered Apr 2, 2020 by kratos

Best answer

Average revenue continuously decreases in such a market in which a firm can sell more only by lowering the price.

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