The demand curve of the monopoly firm is always the
A)average revenue curve.
B)marginal revenue curve.
C)total revenue curve.
D)marginal cost curve above average variable cost.

Question

Quizplus · Accepted Answer

The demand curve of a monopoly firm is always the average revenue curve because the price at which the firm sells its product (which is determined by the demand curve) is the average revenue per unit sold.

The Demand Curve of the Monopoly Firm Is Always the