Economy, asked by souravd6088, 9 months ago

What do you understand by Monopoly Market? What is the shape of Revenue Curve in Monopoly Market?

Answers

Answered by DrPatelJi

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 Anonymous

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

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