In case of monopoly ........

Economics- Phase (I & II) Demand and Supply , Market Structures

Add to Study Deck Download Solution PDF

In case of monopoly

Marginal revenue curve always slopes upward

Total revenue curve always slopes upward

Marginal revenue is always equal to average revenue

Marginal revenue is always less than average revenue

छोटे Courses बड़े Results

Master Demand and Supply , Market Structures

Prepare through Micro-courses

Try Now

Explanation:

In case of monopoly, Marginal revenue is always less than average revenue. A monopolist's marginal revenue is always less than or equal to the price of the good. Marginal revenue is the amount of revenue the firm receives for each additional unit of output.

Report error

Submit Error