In a perfectly competitive market, the marginal revenue curve is? Option 1: Downward sloping. Option 2: Horizontal. Option 3: Vertical. Option 4: Upward Sloping.

The answer is 'Horizontal.'. View full solution:

CUET Economics - In a perfectly competitive market, the marginal revenue curve is? | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Micro

Easy

Downward sloping.

Horizontal.

Vertical.

Upward Sloping.

✅ Correct Option: 2

Related questions:

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Identify the correct sequence due to which firms under perfect competition earn normal profits in the long run.

(A) The firms are earning less than normal profit at the prevailing price.

(B) The profits of each firm will increase to the level of normal profit.

(D) Some firms will exit, which will lead to an increase in price.

Choose the correct answer from the options given below:

29 May Shift 1

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27 May Shift 2

In a perfectly competitive market, a firm produces and sells a certain amount of goods. Among the following what reflect the firm's profit?