CUET Economics - The total revenue of a firm is increasing at a constant rate. Which of the following is true about this firm? | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Micro

Medium

It is operating in an imperfect market and can sell any quantity of the good at given price.

It is operating in a perfect market and can sell any quantity of the good at given price.

It is operating in an imperfect market and can sell more only by lowering the price.

It is operating in a perfect market and can sell more only by lowering the price.

✅ Correct Option: 2

Related questions:

2 June Shift 1

What is the shape of Average Revenue (AR) curve under perfect competition?

28 May Shift 2

The existence of a large number of buyers and sellers in the perfectly competitive market means?

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:

CUET Economics 2025 26 May Shift 2 PYQs