P = a - bQ is the demand cure of a monopolist. Which of the following statements is true?
A)AR & MR are equal
B)The rate of decline of MR is twice the rate of decline of AR
C)The demand curve has unit elasticity
D)slope of MR is zero.

Name: P = a - bQ is the demand cure of a monopolist. Which of the following statements is true? A)AR & MR are equal B)The rate of decline of MR is twice the rate of decline of AR C)The demand curve has unit elasticity D)slope of MR is zero.
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Question

Quizplus · Accepted Answer

The Answer is B

P = a - BQ Is the Demand Cure of a Monopolist