The Figure Given Below Shows the Aggregate Demand and Supply

question 131

True/False

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7

-Under perfect competition, the average revenue curve of the firm coincides with its average cost curve.

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Definitions:

Polynomial

An algebraic expression consisting of variables and coefficients, involving only the operations of addition, subtraction, multiplication, and non-negative integer exponents.

Exponent

A mathematical notation indicating the number of times a number is multiplied by itself.

Polynomials

An algebraic expression composed of variables and coefficients, structured as the sum of terms, where each term includes a variable raised to a non-negative integer power.

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