What do you understand by Monopoly Market? What is the shape of Revenue Curve in Monopoly Market?
Answers
Answered by
0
Explanation:
In a monopoly market, the marginal revenue curve and the demand curve are distinct and downward-sloping. Production occurs where marginal cost and marginal revenue intersect. Perfect Competition: In a perfectly competitive market, the marginal revenue curve is horizontal and equal to demand, or price.
Answered by
31
Answer:
Monopoly: In a monopoly market, the marginal revenue curve and the demand curve are distinct and downward-sloping. Production occurs where marginal cost and marginal revenue intersect.
hope this helps you
Similar questions