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प्रश्न
The shape of average revenue curve in monopoly is ______
पर्याय
Upward rising
Downward sloping
U - shaped
S - shaped
MCQ
रिकाम्या जागा भरा
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उत्तर
Downward sloping
Explanation:
A monopoly is a market condition in which there is only one seller, no close replacements for the commodity it produces, and barriers to new enterprises entering the market. The price is set by the monopolist himself. As a result, a monopolist is confronted with a downward sloping demand curve, indicating that more can only be sold at a lower price.
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