Answer:
It is under perfect competition, where a firm can sell any quantity of a good at a given price. The average revenue and marginal revenue curve for a perfectly competitive firm are drawn as follows: 
Under perfect competitions, the AR curve and the MR curve coincide with each other. The AR curve is also known as the price line or the demand curve. Thus, it can be said that the demand, AR and the MR curves all are equal to each other. They are drawn as a horizontal straight line, which is parallel to the output-axis. This represents that the price and MR remain constant at all levels of output.
You need to login to perform this action.
You will be redirected in
3 sec
