Economy, asked by rezaulhaque739, 1 year ago

in competitive market AR=MR but in monopoly market AR>MR. why?

Answers

Answered by shivaprasad9841

4

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. ... This means the MR of the monopolist is less than the price at which it sells its output.

Answered by Anonymous

3

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. ... This means the MR of the monopolist is less than the price at which it sells its output.

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