Economy, asked by Ashuanu16, 1 year ago

relationship between Ac and MR curve​

Answers

Answered by ayushthakur1970
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.

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