question archive A monopolist's marginal revenue curve is: a
A monopolist's marginal revenue curve is: a
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A monopolist's marginal revenue curve is:
a. The same as a perfectly competitive firm's marginal revenue curve,
b. Higher than the monopolist's demand curve,
c. Below the firm's demand curve,
d. A horizontal line at the market price.
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- A monopolist's marginal revenue curve is c. Below the firm's demand curve.
The demand curve of the monopolist is its average revenue curve, which is higher than the marginal revenue curve. However, both the marginal revenue curve and the average revenue curve are downward sloping.
