relationship between Ac and MR curve
Answers
Answered by
0
I think it must be AR and MR
Then the answer will be
Under monopolistic competition, the relationship between AR and MR is the same as under monopoly. But there is an exception that the AR curve is more elastic, as shown in Figure 6. This is because products are close substitutes under monopolistic competition. The firm can increase its sales by a reduction in its price.
Mark my answer as brainleist
^_^^_^^_^^_^^_^^_^^_^^_^^_^^_^^_^
Similar questions
Chemistry,
7 months ago
English,
7 months ago
Math,
1 year ago
History,
1 year ago
Social Sciences,
1 year ago