question archive How do you calculate the average revenue for a monopolist? a
How do you calculate the average revenue for a monopolist? a
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How do you calculate the average revenue for a monopolist?
a. total revenue received minus the price the good is sold at
b. total revenue received divided by the number of units of goods sold
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The answer is b. total revenue received divided by the number of units of goods sold.
The average revenue for any firm, regardless of its market structure, is the total revenue divided by the total production units sold.
