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Non-Competitive Markets — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsNon-Competitive Markets3 Marks
Question
Explain the relation between marginal revenue and total revenue.
✓

Answer

  1. When MR is positive TR increases.
  2. When MR is zero TR is constant.
  3. When MR is negative TR decreases.

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