For a monopoly firm, which of the following equalities is true?
A)price = marginal revenue
B)price = total revenue
C)price = average revenue
D)none of the above

Name: For a monopoly firm, which of the following equalities is true? A)price = marginal revenue B)price = total revenue C)price = average revenue D)none of the above
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Question

Quizplus · Accepted Answer

In a monopoly, the price is equal to average revenue because the demand curve is also the average revenue curve.

For a Monopoly Firm, Which of the Following Equalities Is