Economy, asked by vanshikabhardwaj7, 5 months ago

Comment an the elasticity of AR in perfect market, monopoly and monopolistic

Answers

Answered by XxAarzooxX

4

Explanation:

Monopoly is opposite to perfect competition. Under monopoly both AR and MR curves slope downward. It indicates that to sell more units of a commodity, the monopolist will have to lower the price. Area below each point of AR curve will be equal to each other.

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