Average Revenue curve under monopoly is :
A)upward slopping
B)downward slopping
C)horizontal straight line
D)none of these

Name: Average Revenue curve under monopoly is : A)upward slopping B)downward slopping C)horizontal straight line D)none of these
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Question

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The Average Revenue (AR) curve under monopoly is downward sloping because a monopolist can sell more only by lowering the price, which means the average revenue decreases as quantity increases.

Average Revenue Curve Under Monopoly Is