Question

Discuss the behaviour of revenue curves in Monopioy market​

Answer 1

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.

When the monopolist charges the same price for all units sold, its AR is identical with the price it charges. This means that the market demand curve is also the firm's AR curve.

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Answer 2

Answer:

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