Economy, asked by aseel6321, 1 year ago

In perfect competition ar=mr but in monopoly ar>mr explain

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Answered by paras692
5
In fact, when price remains fixed, AR, MR and price are all equal to one another. Since a monopolist is the sole seller of a commodity, its demand curve is the same as the market demand curve for that product. ... This means the monopolist, unlike the perfectly competitive firm, faces a negatively sloped demand curve.
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