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:

3 June Shift 1

Which of the following is true about the relationship between Total Revenue (TR) and Marginal Revenue (MR) in a perfectly competitive market?

(A) Total Revenue will increase at a constant rate.

(B) Marginal Revenue is more than Average Revenue.

(D) Marginal Revenue is equal to Average Revenue.

Choose the correct answer from the options given b-elow:

28 May Shift 1

What would be the equilibrium number of firms in a market of identical firms, when market demand function $(Q_d)$ , supply function of a single firm $(Q_s1)$ and equilibrium price (P) are given as

$Q_d = 180 - 2P$

$Q_{s1} = 15 + P$

$P = 15$

3 June Shift 1

Identify the incorrect statement regarding price flooring:

CUET Economics 2025 27 May Shift 2 PYQs

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