CUET Economics 2026 15th May Shift 1 PYQs

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

When Government fix the minimum price of any commodity this move of government is known by:

Identify the correct statements from the following in the context of normal profit and break-even point (BEP).

(A) BEP is the point at which a firm earns only normal profit.

(B) A perfectly competitive firm earns normal profit in long run.

(C) Profit level that keeps a firm in the existing business is called super-normal profit.

(D) Profit level that keeps a firm in the existing business is called normal profit.

Choose the correct answer from the options given below: