For a monopoly, the marginal revenue curve has ________ point(s) in common with the firm's linear demand curve.
A) one
B) no
C) all
D) indeterminate from the given information

Question

Quizplus · Accepted Answer

For a monopoly, the marginal revenue curve and the firm's linear demand curve intersect at only one point, which is where the demand curve intersects the vertical axis. This is because the marginal revenue curve falls at twice the rate of the demand curve for a linear demand curve.

For a Monopoly, the Marginal Revenue Curve Has ________ Point(s)