Economy, asked by Anonymous, 5 months ago

State the relationship between average revenue and marginal

revenue under imperfect competition market.

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Answers

Answered by km9505946
1

Explanation:

The relationship between average revenue and marginal revenue is the same as between any other average and marginal values. When average revenue falls marginal revenue is less than the average revenue. When average revenue remains the same, marginal revenue is equal to average revenue.

Answered by nehabhosale454
0

Answer:

Under Imperfect Competition (Monopoly)

Unlike under perfect competition, a firm under imperfect competition such as under monopoly can sell more only by lowering its price. Therefore, the average revenue curve is downward sloping and its corresponding marginal revenue curve lies below it.

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