Economy, asked by arshdeepk2607, 5 months ago

Explain the average and marginal revenue curves of a firm under           monopoly and monopolistic competition
long q/a​

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Answered by Vadanya01
0

Answer:

nder Monopoly or Imperfect Competition: The average revenue curve is the downward sloping industry demand curve and its corresponding marginal revenue curve lies below it. ... The marginal revenue is lower than the average revenue.

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