Question

why is the revenue curve negatively sloped in imperfect competition ​

Answer 1

Answer:

(iii) Revenue Curve under Imperfect Competition:

This is because the monopolist seller ordinarily has to accept a lower price for his product, as he increases his sales. Under imperfect competition conditions, total revenue increases at a diminishing rate. It becomes maximum and then begins to decline.

Answer 2

Explanation:

Revenue Curve under Imperfect Competition:

This is because the monopolist seller ordinarily has to accept a lower price for his product, as he increases his sales. Under imperfect competition conditions, total revenue increases at a diminishing rate. It becomes maximum and then begins to decline.