Managerial Economics

1:

In monopoly, the relationship between average revenue and marginal revenue curves is as follows :

A.

Average revenue curve lies above the MR-curve

B.

AR curve lies below the MR-curve

C.

AR curve coincides with the MR-curve

D.

AR curve is parallel to the MR-curve

 

Answer : A

Explanation :

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Option: A

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