The relationship between the marginal revenue (MR) and the average revenue (AR) of a monopolist is that the marginal revenue curve

By: |Published on: Mar 28|Categories: Economics WAEC| 0 comments

A. is above the average revenue curve
B. slopes down to the right and is below the AR curve.
C. and the AR curve are downward sloping and are identical.
D. is vertical while the average revenue curve is horizontal.

Correct Answer:

Option B – slopes down to the right and is below the AR curve.

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