When a firm is able to sell more quantity of output at the same price, then:

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Solution

The correct option is C AR $=$ MR
In perfectly competitive market any quantity can be demanded at the given price level.When a firm is able to sell more quantity of output at the same price, then AR=MR. Price line is the same as both firm's MR curve and firm's AR curve under the perfect competition.

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Similar questions

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Q. Under perfect competition, the price is determined by the industry. At this price a firm can sell any quantity. The AR curve is perfectly elastic. Under monopoly, firms can sell more only at a lower price. So, AR is negatively sloped.
Which form of market is known as a price taker?

[1 mark]

A monopoly firm can choose to sell at any price-output combination that ________.

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When a firm is able to sell more quantity of output at the same price, then:

The correct option is C AR = MRIn perfectly competitive market any quantity can be demanded at the given price level.When a firm is able to sell more quantity of output at the same price, then AR=MR. Price line is the same as both firm's MR curve and firm's AR curve under the perfect competition.