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Commerce · Q625

Economics

Graduate and Post Graduate · Commerce · question 625

Q625

Assertion (A) Negative MR is not possible in case of perfect competition. Reason (R) Price remains constant for a perfectly competitive firm.

A.
Both (A) and (R) are true and (R) is the correct explanation of (A)
Answer
B.
Both (A) and R are true, but (R) is not the correct explanation of (A)
C.
(A) is true, but (R) is false
D.
(A) is false, but (R) is true

Answer: Option A

Solution

Answer: Option A
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