| A. | Under perfect competition a firm determine its price where AR = IVIR |
| B. | In perfect competitive industry a firm is in equilibrium in the short run only when its AC = AR = IVIR = MC. |
| C. |
The short-run supply curve has a negative slope
|
| D. | A firm is price-taker under perfect competition. |
Answer : D Explanation : |
|
|
Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
