TR, AR and MR Curves in Competitive Markets | Economy

In this article we will discuss about the nature of firm’s TR, AR and MR curves in perfectly and imperfectly competitive markets. The AR and MR Curves in the Imperfectly Competitive Market and their Relation: If the firm wants to sell more in an imperfectly competitive market, it would have to reduce the price of its product. That is, as [...]