Y2/IB 8) Total Revenue Curves in Perfect and Imperfect Competition

[@popboycon]

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[@nadalcindy7998]

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[@taman453]

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[@MRSTICK_]

Very easy and great explanation sir easy to understand 😁

[@jommydavi2197]

So in perfect competition, the marginal utility is constant too? If a good is deemed less useful the more it is produced = decreased demand for extra units produced, then wouldn't the MR curve be downwards sloping anyways?

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