Price line is the same as:

Total revenue line

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Firm's demand curve

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Firm's AR curve

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Both (b) and (c)

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Solution

The correct option is C Both (b) and (c)
Price line is the same as both firm's demand curve and firm's AR curve under the perfect competition. In perfectly competitive market any quantity can be demanded at the given price level.

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Similar questions

Q. When a firm faces a horizontal demand curve, the marginal revenue for the firm is .

A firm earns a revenue of Rs. 50 when the market price of a good is Rs. 10. The market price increases to Rs. 15 and the firm now earns a revenue of Rs. 150. What is the price elasticity of the firm's supply curve?

Why is the total revenue curve of a price-taking firm an upward sloping straight line? Why does the curve pass through the origin?

Q. Why is the total revenue curve of a price taking firm an upward sloping straight line? Why does the curve pass through the origin?

A firm earns a revenue of Rs 50 when the market price of a good is Rs 10. The market price increase to Rs 15 and the firm now earns a revenue of Rs 150. What is the price elasticity of the firm’s supply curve?

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Price line is the same as:

The correct option is C Both (b) and (c)Price line is the same as both firm's demand curve and firm's AR curve under the perfect competition. In perfectly competitive market any quantity can be demanded at the given price level.

The correct option is C Both (b) and (c)
Price line is the same as both firm's demand curve and firm's AR curve under the perfect competition. In perfectly competitive market any quantity can be demanded at the given price level.