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

Both (A) and (R) are false.

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

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

Explanation:

Both (A) and (R) are true.

By: santosh

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