For a monopoly producing any output level greater than one,the average revenue curve:
A) is the same as the demand curve.
B) lies about the demand curve.
C) lies below the demand curve.
D) can be negative.

Question

Quizplus · Accepted Answer

The average revenue curve for a monopoly is the same as the demand curve because average revenue is equal to price, and the demand curve shows the price consumers are willing to pay for each quantity.

For a Monopoly Producing Any Output Level Greater Than One,the