why do mr slope downward under monoply
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Explanation:
Monopoly is opposite to perfect competition. Under monopoly both AR and MR curves slope downward. It indicates that to sell more units of a commodity, the monopolist will have to lower the price.⭐⭐⭐
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Answer:
The monopolist faces the downward‐sloping market demand curve, so the price that the monopolist can get for each additional unit of output must fall as the monopolist increases its output. ... The downward‐sloping market demand curve indicates that the new market price will be lower than before.
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