English

The shape of average revenue curve in monopoly is ______ -

Advertisements
Advertisements

Question

The shape of average revenue curve in monopoly is ______

Options

  • Upward rising

  • Downward sloping

  • U - shaped

  • S - shaped

MCQ
Fill in the Blanks

Solution

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.

shaalaa.com
Measures of Government Deficit Or Surpluses
  Is there an error in this question or solution?
Advertisements
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×