The MR curve of a firm in perfect competition is also called ____________.

demand curve

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supply curve

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total cost curve

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profit curve

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Solution

The correct option is D demand curve
The MR curve under perfect competition is also called demand curve which is a horizontal line parallel to x-axis which means that the price of the commodity remains the same and any amount of quantity can be sold at this prevailing price in the market but a little variation in the price will lead to a fall in demand to zero.

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