Answer:
b.
Step-by-step explanation:
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Answer:
16.5
Step-by-step explanation:
32 - 15.5 = 16.5
Answer: Second option is not true for a firm in perfect competition.
Step-by-step explanation:
We know that
In perfect competition, number of buyers and sellers are in large number, free entry and exit of firms, it sells homogenous products and can't earn abnormal profit.
In this competition, "Firm is the price taker, industry is the price maker".
and AR = MR as there is constant price fixed by the industry.
Hence, Second option is not true for a firm in perfect competition.