Multiple Choice Questions on Assertion A A monopoly firm rsquo srevenue curve is downward sloping from left to right 2 ........... for UGC NET ( Commerce) Preparation

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Multiple Choice Questions

Assertion A A monopoly firm rsquo srevenue curve is downward sloping from left to right 2 ...........

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    Assertion (A) : A monopoly firm’srevenue curve is downward sloping from left to right.   (2 marks)

    Reason (R) : The monopoly firm does not simultaneously enjoy the freedom to determine both price and quantity to be sold according to its whims and fancy.

    Codes :

    Both (A) and (R) are true.

    Correct Answer

    Both (A) and (R) are false.

    Incorrect Answer

    (A) is true, but (R) is false.

    Incorrect Answer

    (A) is false, but (R) is true.

    Incorrect Answer
    Explanation:

    Both (A) and (R) are true.

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