3. In monopoly, the relationshipbetween average and marginalrevenue curves is as followsA. O AR curve lies above the MR curveВ.AR curve coincides with the MRcurveC. O AR curve lies below the MR curveD. O AR curve is parallel to the MRcurve

"Correct solution is option A- AR curve lies above the MR curve."

3. In monopoly, the relationship between average and marginal revenue curves is as follows А. AR curve lies above the MR curve B. O AR curve coincides with the MR curve С. AR curve lies below the MR curve D. O AR curve is parallel to the MR curve

3. In monopoly, the relationship between average and marginal revenue curves is as follows А. AR curve lies above the MR curve B. O AR curve coincides with the MR curve С. AR curve lies below the MR curve D. O AR curve is parallel to the MR curve

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3. In monopoly, the relationship
between average and marginal
revenue curves is as follows
A. O AR curve lies above the MR curve
В.
AR curve coincides with the MR
curve
C. O AR curve lies below the MR curve
D. O AR curve is parallel to the MR
curve

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