Question

Under what conditions can a monopoly firm attain equilibrium?

Answer 1

Explanation:

The monopolist, unlike perfectly competitive firm, faces a downward-sloping average revenue curve and his marginal revenue lies below average revenue curve. Therefore, in monopoly equilibrium when marginal cost is equal to marginal revenue, it is less than price (or average revenue).

Answer 2

Answer:

• it is under the condition of a firm equilibrium in two ways by the stock of procured by the government ❤️✌️....

• it is under the condition of a firm equilibrium in two ways by the stock of procured by the government❤️✌️...