Assertion (A): negative MR is not possible in case of perfect competition
Reason (R): Price remains constant for a perfectly competitive firm
1
Both (A) and (R) are correct, (R) is the correct explanation of (A)
2
Both (A) and (R) are correct, (R) is not the correct explanation of (A)
3
(A) is true, (R) is false
4
(A) is false, (R) is true