Question

How is
is the
the equilibrium price and output
determined under monopoly?​

Answer 1

PRICE-OUTPUT DETERMINATION UNDER MONOPOLY:

A firm under monopoly faces a downward sloping demand curve or average revenue curve. ... In other words, under monopoly the MR curve lies below the AR curve. The Equilibrium level in monopoly is that level of output in which marginal revenue equals marginal cost.

Answer 2

Answer:

price and output determined under monopoly

Explanation:

it is the answer