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Non-Competitive Markets — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsNon-Competitive Markets3 Marks
Question
Why is Average Revenue always equal to price?
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Answer

$\text{Given AR}=\frac{\text{TR}}{\text{Q}}$$\text{Since TR}={\text{P}}\times\text{Q}$
$\text{AR}=\frac{\text{P}\times{\text{Q}}}{\text{Q}}=\text{P.}$

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