can mr be greater than ar ? and if it is then under which market form?
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Heya.....
AR is greater than MR in monopoly market....
Because in monopoly there is no substitute of the goods and it creates great revenue..
AR is greater than MR in monopoly market....
Because in monopoly there is no substitute of the goods and it creates great revenue..
Anonymous:
yes...
but for not a close subsitute they have to purchase it
then how it is possible
for this price ceiling is done but it is other concept..
is this for higher classes
yaa
because I m in 12 and I haven't studied it
monopoly is right answer
in 12th 13th chapter you will read this in short
I but I can't find it
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