Economy, asked by mangamma79, 6 months ago

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

Answers

Answered by nandhanasnair07

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.

Answered by Ganeshreddy123

Answer:

price and output determined under monopoly

Explanation:

it is the answer

Previous Question

Next Question

Similar questions

English, 3 months ago

A.1. Verbal to non - verbal A survey was conducted to find out how teenagers are affected by today’s audio visual aids. Interpret the Pie Chart given below and write the details in paragraph of hundred words.

Math, 3 months ago

How will you divide an equilateral triangle into three congruent triangles?