What is the shape of Average Revenue (AR) curve under perfect competition? Option 1: Horizontal straight line. Option 2: Vertical straight line. Option 3: Rectangular hyperbola. Option 4: Downward to the right.

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

CUET Economics - What is the shape of Average Revenue (AR) curve under perfect competition? | PYQs + Solutions

CUET Economics 2025 2 June Shift 1

Micro

Medium

Horizontal straight line.

Vertical straight line.

Rectangular hyperbola.

Downward to the right.

✅ Correct Option: 1

Related questions:

27 May Shift 2

For a price-taking firm, the market price is equal to marginal revenue and ......

13 May Shift 1

With the shifting demand curve leftward, arrange the following statement in sequential order.

(A) At any given price, demand is less.

(B) Excess supply will be there.

(D) At new equilibrium, quantity and price will be less.

Choose the correct answer from the options given below:

28 May Shift 1

Arrange the following money supply measures in chronological order.

(A) Excess supply will prevail in the economy.

(B) The tendency of prices to change to restore equilibrium.

(D) Hence, the market is not in equilibrium.

Choose the correct answer from the options given below: