Equilibrium of monopolist will never lie below the middle point of the average revenue curve because below the middle point
| A. | Elasticity of demand is less than one |
| B. | MR is negative |
| C. | Both (a) and (b) |
| D. | Market laws cease to be operate |
Answer : C Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
