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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.
Both (A) and (R) are true.
Both (A) and (R) are false.
(A) is true, but (R) is false.
(A) is false, but (R) is true.
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